CIM's Opinion in Expansión: Investment in SCR for Family Businesses

Expansión has once again placed its trust in the professionals at CIM Tax & Legal. On this occasion, the media outlet has published an opinion article by our partners, Carlos Muñoz and Emma S. Corretger, titled “Investment in SCR: Is it a Safe Bet for Family Businesses?”. In this article, they analyze the role of Venture Capital Companies (SCR) as an investment instrument from a tax perspective for family businesses.

The analysis begins with the high tax burden derived from the Wealth Tax and, notably, the Inheritance and Gift Tax in regions such as Catalonia. This scenario has led many family businesses to seek alternatives to traditional real estate investment, taking advantage of the gap left after the regulation of SICAVs. As a result, there has been a rapid increase in the number of SCRs, rising from 188 registered companies in 2020 to over 500 today.

The article delves into the requirements that an SCR investment must meet to be considered “affected” for tax benefit purposes and the issues that are emerging, particularly the implications of temporary exemptions from the mandatory minimum coefficient and the delegation of management to external entities.

The debate is open, and therefore, the suitability of investing in an SCR depends on an individualized analysis of each situation.

We invite you to read the full analysis and discover our conclusions firsthand.

🔗 ARTICLE LINK

We thank Expansión for their trust in our professionals.