Restrictions on the IS exemption for the transfer of entities dedicated to photovoltaic development
09/06/2022
Restrictions on the IS exemption for the transfer of entities dedicated to photovoltaic development
Podcast
Episode directed by David Rubio. Lawyer of Lener's Tax Department.
The Directorate General of Taxes issued a Resolution in which it denied the application of the exemption contained in article 21 of the LIS, on the capital gain disclosed in the sale of a company, the purpose of which is the construction of a solar plant for its subsequent operation, considering that the “entity”, at the time of the transfer, had the (property-related) character, since it had only carried out the processing and obtaining of all the necessary permits for the development of the installation.
Published in Legal Today.
