Doctrine by topic · DGT Observatory

Overprice: 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 17 rulings · 2015–2024

Current position

The dividend corresponding to the overprice paid is not included in the tax base of the receiving entity pursuant to the 23rd DT of the LIS (Corporate Income Tax Law). To apply the double taxation deduction, the taxpayer must prove that an equivalent amount was included in the tax base of the IS (Corporate Income Tax) or IRPF (Personal Income Tax) of the previous transferors. If the proof of inclusion is partial, the deduction shall be applied proportionally. The deduction is limited to the positive difference between the acquisition price and the value of the contributions.

The DGT's position remains constant regarding the treatment of overprice, focusing the application of the 23rd DT of the LIS on proving the previous taxation of the transferor. Throughout the rulings, the proportional calculation of the deduction in cases of partial proof has been specified, and the non-inclusion of the dividend in the individual tax base has been reaffirmed.

Turning points

  1. V0158-15

    Establishes the integrative interpretation to allow the deduction even when the previous transferors are non-residents, equating their taxation to IS or IRPF.

  2. V1542-16

    Clarifies that, since the dividend is not included in the individual tax base due to the 23rd DT of the LIS, it must not be eliminated under the tax consolidation regime.

Analysis based on 13 of 17 rulings with a stated position. Updated 25 September 2026.

Rulings on this topic

17
V0320-24 5 Mar 2024

Deduction for prior-year dividends cannot be applied in 2017 if not declared at the time

SG de Impuestos sobre las Personas Jurídicas
doble imposición económicadeducción por doble imposición internadisposición transitoria vigésimo tercerasobreprecioexención por participaciones significativas LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 21LIS — Ley 27/2014 del Impuesto sobre Sociedades art. DT 23ª
Affects CompanyExpat · Non-residentIndividual
V0660-21 22 Mar 2021

Eligibility for the DT 23rd LIS deduction on dividends relating to paid goodwill

SG de Impuestos sobre las Personas Jurídicas
doble imposición internasobreprecioexención de dividendosdisposición transitoriagrupo fiscal LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 21LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 71
Affects CompanyExpat · Non-residentIndividual
V0659-21 22 Mar 2021

Applicability of overpayment deduction on dividends from pre-2015 acquisitions

SG de Impuestos sobre las Personas Jurídicas
disposición transitoria vigésima tercerasobreprecioconsolidación fiscaldeducción por doble imposiciónreinversión de beneficios extraordinarios LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 21LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 28
Affects CompanyExpat · Non-residentIndividual
V3159-16 6 Jul 2016

Double taxation relief on dividends may apply if prior taxation of sellers is proven

SG de Impuestos sobre las Personas Jurídicas
doble imposiciónexención de dividendossobrepreciodeducción por doble imposiciónconsolidación fiscal LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 21LIS — Ley 27/2014 del Impuesto sobre Sociedades art. disposición transitoria vigésima tercera
Affects CompanyExpat · Non-residentIndividual
V0246-16 25 Jan 2016

Right to dividend tax relief for premiums paid on the acquisition of shares

SG de Impuestos sobre las Personas Jurídicas
deducción por doble imposición internasobreprecioconsolidación fiscalrégimen transitoriovalor fiscal de la participación TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 30.4.eTRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 30.6
Affects CompanyExpat · Non-residentIndividual

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