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An entity inquired whether it could apply the dividend exemption as a usufructuary of shares rather than as the bare owner. The DGT ruled that the usufructuary is the economic shareholder receiving the dividends and may access the exemption provided the participation requirements are met.
Cuestión planteada Si los dividendos que en lo sucesivo perciba de la entidad B, podrán gozar de la exención del artículo 21 de la LIS habida cuenta de su condición de mero usufructuario de las acciones de la sociedad, es decir, si el criterio emitido por este Centro Directivo, respecto a la normativa aplicable para evitar la doble imposición contenida en el artículo 30.2 del TRLIS, tal y como se expresa en la consulta V0077-15 resulta asimismo de aplicación respecto al requisito de participación mínima en el capital o los fondos propios de la entidad que se recoge en la nueva redacción del artículo 21 LIS.
El usufructuario puede aplicar la exención del artículo 21 de la LIS sobre los dividendos percibidos, ya que ostenta el derecho a su percepción y actúa como socio económico. Para ello, debe cumplir el requisito de poseer el derecho de usufructo sobre acciones representativas de al menos el 5% del capital o fondos propios de forma ininterrumpida durante el año anterior al reparto. El ejercicio de los derechos de voto mediante pacto no altera esta posibilidad.
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