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V3832-16 12 September 2016 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · canje de valores

Special regime for exchange of securities may apply if voting majority, residency, and valid economic reasons are met

A query was raised regarding whether a contribution of shares could qualify for the special regime for the exchange of securities and if the stated economic reasons were valid. The DGT ruled that this is possible provided the requirements of the Corporate Income Tax Act (LIS) are met, and that the reasons of centralisation and management presented are economically valid.

The question raised

Cuestión planteada Si la operación planteada podría acogerse al régimen fiscal especial regulado en el capítulo VII del título VII de la Ley del Impuesto sobre Sociedades. Y si los motivos económicos pueden considerarse como válidos a efectos de la aplicación del citado régimen especial.

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