Keywords
H89, IVA, IS, REGE, EDAV, SOCIMI, Grupo de Consolidación Fiscal, CDI, VAT, CIT, REGE, EDAV, SOCIMI, Tax Consolidation Group, DTC
Sin título establecido.
Abstract
El presente trabajo de fin de máster aborda distintos puntos clave sobre la tributación de la inversión inmobiliaria realizada por una sociedad luxemburguesa, LuxCo en España.
En primer lugar, se propone crear una sociedad holding española para intermediar entre LuxCo, OpCo y las operativas DevCo y ArreCo. Esta estructura permite aprovechar regímenes fiscales favorables, como la consolidación fiscal y el Régimen Especial de Grupos de Entidades (REGE), simplificando también la gestión administrativa. LuxCo tendría una participación del 95% y OpCo del 5%, asegurando la exención del 95% de los dividendos según la Ley del Impuesto sobre Sociedades.
En cuanto a la adquisición de terrenos por parte de DevCo, ésta estará sujeta a IVA o ITPAJD dependiendo de la naturaleza del terreno. Tendrá derecho a deducir las cuotas de IVA de las compras y servicios de construcción relacionados, siempre que cumpla los requisitos legales. Además, se recomendará el acogimiento al REGE.
En cuanto a la fase de venta de inmuebles, la primera transmisión estará gravada por un IVA reducido del 10%, mientras que las ventas posteriores realizadas por ArreCo podrían beneficiarse de la exención fiscal, salvo renuncia. Estas operaciones también estarán sujetas al AJD por la formalización de escrituras.
En cuanto al arrendamiento, se recomienda que ArreCo adopte el Régimen Especial de Entidades Dedicadas al Arrendamiento de Viviendas (EDAV), que incluye una bonificación del 40% en el impuesto de sociedades, aumentando la rentabilidad.
Finalmente, se contemplan estrategias para mitigar impagos en los alquileres y se analizan las implicaciones fiscales de una futura desinversión.
This Master's thesis addresses several key points regarding the taxation of real estate investments made by a Luxembourg company, LuxCo, in Spain. Firstly, it is proposed to create a Spanish holding company to intermediate between LuxCo, OpCo and the operating companies DevCo and ArreCo. This structure allows to take advantage of favourable tax regimes, such as tax consolidation and the Special Regime for Groups of Entities (REGE), while also simplifying administrative management. LuxCo would hold a 95% stake and OpCo a 5% stake, ensuring the 95% exemption of dividends under the Corporate Tax Law. The acquisition of land by DevCo will be subject to VAT or ITPAJD depending on the nature of the land. It will be entitled to deduct VAT on related purchases and construction services, provided that it meets the legal requirements. In addition, the REGE will be recommended. As regards the sale of real estate, the first transfer will be subject to a reduced VAT rate of 10%, while subsequent sales made by ArreCo could benefit from the tax exemption, unless waived. These transactions will also be subject to AJD for the formalisation of deeds. As regards leasing, it is recommended that ArreCo adopt the Special Regime for Entities Dedicated to Residential Leasing (EDAV), which includes a 40% corporate tax rebate, increasing profitability. Finally, strategies to mitigate rental defaults are considered and the tax implications of a future divestment are analysed.
This Master's thesis addresses several key points regarding the taxation of real estate investments made by a Luxembourg company, LuxCo, in Spain. Firstly, it is proposed to create a Spanish holding company to intermediate between LuxCo, OpCo and the operating companies DevCo and ArreCo. This structure allows to take advantage of favourable tax regimes, such as tax consolidation and the Special Regime for Groups of Entities (REGE), while also simplifying administrative management. LuxCo would hold a 95% stake and OpCo a 5% stake, ensuring the 95% exemption of dividends under the Corporate Tax Law. The acquisition of land by DevCo will be subject to VAT or ITPAJD depending on the nature of the land. It will be entitled to deduct VAT on related purchases and construction services, provided that it meets the legal requirements. In addition, the REGE will be recommended. As regards the sale of real estate, the first transfer will be subject to a reduced VAT rate of 10%, while subsequent sales made by ArreCo could benefit from the tax exemption, unless waived. These transactions will also be subject to AJD for the formalisation of deeds. As regards leasing, it is recommended that ArreCo adopt the Special Regime for Entities Dedicated to Residential Leasing (EDAV), which includes a 40% corporate tax rebate, increasing profitability. Finally, strategies to mitigate rental defaults are considered and the tax implications of a future divestment are analysed.
Información detallada
Materias, derechos, colecciones e identificadores
URI / Handle
http://hdl.handle.net/11531/92333Rights
Attribution-NonCommercial-NoDerivs 3.0 United States