Taxation of the family business in Spain: a note

Abstract

The status of a family business is essential for tax purposes in order to reduce the tax burden. This position has recently been strengthened as a result of the entry into force of the new Impuesto Temporal de Solidaridad de las Grandes Fortunas (ITSGF). Hence the need to adapt the organizational structures of family businesses to the regulatory and doctrinal changes already produced and to come, to guarantee tax efficiency by optimizing their burden and avoid incurring tax risks, resulting in adequate tax planning not only current, but with a view to generational change and ensuring the survival of the company by facilitating the intergenerational transition and, in turn, limiting family conflicts.