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A query was raised regarding whether shareholders of a closed-ended collective investment company (SICC) can apply the economic double taxation exemption to dividends and capital gains derived from said SICC. The DGT ruled that, as the SICC acts as a holding entity with income primarily derived from participation returns, shareholders cannot access the exemption unless they meet the 5% indirect participation threshold in the investee companies.
Cuestión planteada Si los socios de la SICC podrán aplicar la exención contenida en el artículo 21 de la LIS, a los dividendos que perciban de la SICC, así como a las rentas que obtengan de la transmisión o reembolso de las acciones de la SICC, teniendo en cuenta que la SICC es un vehículo regulado y supervisado, diseñado legalmente para la agrupación (colectivización) patrimonial de este tipo de socios por razones de política económica.
Si la SICC obtiene más del 70% de sus ingresos de dividendos o rentas por transmisión de valores, se considera entidad 'holding' y se requiere un análisis de participación indirecta ('look through'). Para que los socios de la SICC tengan derecho a la exención del artículo 21 de la LIS, deben poseer una participación indirecta de al menos el 5% en las entidades en las que la SICC participa. Al no cumplirse este requisito de participación indirecta en las entidades participadas por la SICC, los socios no pueden aplicar la exención a los dividendos ni a las rentas positivas por transmisión o reembolso de las acciones de la SICC.
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