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A query was raised regarding the application of the exemption for the transfer of securities when an asset is transferred during a capital reduction, and during the acquisition of treasury shares for cancellation. The DGT clarifies that the transfer of assets in a capital reduction does not constitute a transfer of securities, and that the purchase of shares for cancellation may be presumed to be tax avoidance.
Cuestión planteada Aplicación de la excepción a la exención contenida en el apartado 2 del artículo 108 de la Ley 24/1988, de Mercado de Valores. En concreto se plantea:
La entrega de un inmueble a los socios en una reducción de capital no constituye una transmisión de valores, por lo que no aplica la exención del art. 314 de la LMV y tributa como operación societaria en el ITPAJD. Por otro lado, la adquisición de acciones propias para su posterior amortización sí es una transmisión de valores que, si concurren los requisitos de los apartados a) o b) del art. 314.3 LMV, genera una presunción de elusión del impuesto sobre transmisiones de inmuebles, la cual admite prueba en contrario.
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