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V3055-21 7 December 2021 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancia patrimonial

No capital gains or losses for Income Tax purposes on share donations if Art. 20.6 LISD requirements are met

A married couple over the age of 65 enquired whether the donation of shares in a property development and rental company could be exempt from Income Tax. The Directorate General for Taxes (DGT) ruled that no capital gain or loss will arise provided the requirements of Article 20.6 of the Inheritance and Gift Tax Law are satisfied.

The question raised

Whether the provisions of Article 33.3.c) of the Personal Income Tax Act may be applicable to the donation.

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