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V1977-14 23 July 2014 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · canje de valores

Special securities exchange regime applicable if residency, majority voting, and valid economic reasons are met

A query was raised regarding whether a securities exchange operation intended to restructure a family group meets the requirements of the TRLIS and constitutes valid economic reasons. The DGT indicates that the special regime may be applied provided residency and control requirements are satisfied, and that the restructuring and management reasons presented are economically valid.

The question raised

Cuestión planteada Si la operación de canje de valores descrita reúne las condiciones establecidas en el TRLIS a los efectos de la aplicación del régimen especial regulado en el Capítulo VIII del Título VII del TRLIS y si los motivos económicos esgrimidos se pueden considerar económicamente válidos a los efectos de la aplicación del artículo 96.2 del TRLIS.

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