Recently, the DGT, in its binding rulings V2752-23 and V2390-23, hasclarified its criteria regarding the fulfillment of certain requirements for accessing the family business exemption. The family business exemption is, to date, one of the main tax benefits for family businesses and, in many cases, has become indispensable for the survival and development of such… Continue reading Family business exemption: controversial issues regarding access requirements in light of the latest DGT pronouncements
Tag: family business
Tax advisor: Parents who transfer the family business with assets not linked to the activity will have to pay taxes for capital gains in the Personal Income Tax
In gifts of family businesses from parents to children, in which assets not linked to the activity are included, the donor will be subject to income tax (IRPF) on a capital gain based on the proportion that these assets represent in the assets of the company. This approach is reflected in a decision of the… Continue reading Tax advisor: Parents who transfer the family business with assets not linked to the activity will have to pay taxes for capital gains in the Personal Income Tax
