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A query was raised regarding whether an entity holding the usufruct of shares can apply the dividend exemption and how payments related to this right should be treated. The DGT ruled that the usufructuary is the economic shareholder entitled to the exemption and that usufruct payments are deductible if recorded as an expense in the accounts.
Cuestión planteada 1º) Si resulta de aplicación la exención prevista en el artículo 21 de la LIS a los dividendos percibidos y a las reservas expresas acumuladas durante el usufructo, percibidos por parte de la consultante como consecuencia del usufructo formalizado sobre el 25% de las acciones de B.
El usufructuario puede aplicar la exención del artículo 21.1 de la LIS siempre que cumpla los requisitos de participación y permanencia, al ser el socio económico que percibe los dividendos. Los pagos realizados para adquirir el derecho de usufructo son fiscalmente deducibles en el Impuesto sobre Sociedades si se imputan contablemente como gasto del ejercicio siguiendo el criterio del ICAC. Los cobros recibidos por el usufructuario deben integrarse en su base imponible del IRPF.
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