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V2154-19 13 August 2019 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · canje de valores

Special regime for exchange of shares and non-monetary contributions may apply if legal requirements and valid economic reasons are met

An individual has enquired whether the contribution of shares from various companies to Company A can qualify for the special regime under the Corporate Income Tax Act (LIS) and if valid economic reasons exist. The DGT indicates that this is possible provided that requirements regarding voting rights majorities, shareholding percentages, and uninterrupted ownership are met, and that the primary purpose of the transaction is not tax evasion or tax advantage.

The question raised

Cuestión planteada Si la operación descrita puede acogerse al régimen fiscal previsto en el Capítulo VII del Título VII de la Ley 27/2014, de 27 de noviembre, del Impuesto sobre Sociedades y si existen motivos económicos válidos.

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