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A query was raised regarding whether the transfer of shares in a real estate investment company is exempt from ITP and AJD under the Securities Market Law. The DGT ruled that the transfer of securities is exempt, unless the transaction is intended to evade the tax due on the transfer of the underlying real estate assets.
Cuestión planteada Confirmación de que las transmisiones de acciones de las PROPCO, realizadas en el contexto de la operación de coinversión prevista, quedarán sujetas y exentas de ITP y AJD en aplicación de lo dispuesto en el artículo 314 de la Ley de Mercado de Valores, al no encajar en ninguno de los supuestos de existencia de ánimo elusorio establecidos en el artículo 314-2 de la Ley de Mercado de Valores.
La transmisión de valores en el mercado secundario está exenta de ITP y AJD, a menos que se realice con ánimo de eludir los tributos que gravarían la transmisión de los inmuebles. Si concurren los supuestos de presunción de elusión del artículo 314.2 de la LMV, la Administración debe probar la intención o el contribuyente debe probar lo contrario. En este caso, al estar los inmuebles afectos a una actividad económica, no se concurren los supuestos de presunción de elusión.
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