Doctrine by topic · DGT Observatory

Presumption of Remuneration: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 10 rulings · 2016–2026

Current position

The creation of rights to use or enjoy shares is classified as income from movable capital. When carried out free of charge, the presumption of remuneration under Article 6.5 of the LIRPF (Personal Income Tax Law) applies. The valuation must be carried out at fair market value, and the proof of the free-of-charge nature is a matter of fact that must be proven by the taxpayer.

The DGT's position remains constant in the application of the presumption of remuneration in free-of-charge operations of use or enjoyment. The most recent rulings (V1320-25 and V0437-26) reaffirm that the burden of proof regarding the free-of-charge nature lies with the taxpayer and that the valuation must be adjusted to fair market value.

Analysis based on 10 of 10 rulings with a stated position. Updated 28 September 2026.

Rulings on this topic

10
V0437-26 27 Feb 2026

Free usufruct on shareholdings presumed remunerated for income tax

SG de Impuestos sobre la Renta de las Personas Físicas
usufructo vitaliciorendimientos del capital mobiliarioparticipaciones socialesvalor normal en el mercadopresunción de retribución LIRPF — Ley 35/2006 del IRPF art. 6.5LIRPF — Ley 35/2006 del IRPF art. 25
Affects CompanyExpat · Non-residentIndividual
V0447-25 21 Mar 2025

Free life usufruct on shareholdings deemed capital mobile income

SG de Impuestos sobre la Renta de las Personas Físicas
usufructo vitaliciorendimientos del capital mobiliarioparticipaciones socialespresunción de retribuciónvalor normal en el mercado LIRPF — Ley 35/2006 del IRPF art. 6.5LIRPF — Ley 35/2006 del IRPF art. 25.1.c
Affects CompanyExpat · Non-residentIndividual
V2104-23 18 Jul 2023

The creation of a usufruct over shares is considered income from movable capital

SG de Impuestos sobre la Renta de las Personas Físicas
rendimientos del capital mobiliariousufructotítulo lucrativopresunción de retribuciónvalor normal en el mercado LIRPF — Ley 35/2006 del IRPF art. 6.5LIRPF — Ley 35/2006 del IRPF art. 25.1.c
Affects CompanyExpat · Non-residentIndividual
V3129-20 20 Oct 2020

Transfer of assets to children generates presumed paid capital income

SG de Impuestos sobre la Renta de las Personas Físicas
rendimientos de capitalcesión de bienespresunción de retribuciónvalor normal de mercadoimputación de rentas inmobiliarias LIRPF — Ley 35/2006 del IRPF art. 6.5LIRPF — Ley 35/2006 del IRPF art. 19.1
Affects CompanyExpat · Non-residentIndividual

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