The DGT, in its binding consultation V1067-21, of April 23, 2021, on the forgiveness of credits between sister entities, fully owned by the same company, establishes that in the absence of a special rule, it is considered that the dependent owner of the credit makes a distribution of reserves in kind to its parent, and that this contributes it to the other subsidiary. Nevertheless, with respect to the parent company, it points out that it obtains a taxable income, without prejudice to the fact that the exemption may be applied, and on the other hand the value of its participation in the entity to which the loan is forgiven is increased.

Given that the exemption on the perception of dividends reaches, from January 1, 2021, 5%, it should be understood that these write-offs within a group have a cost in the IS of the parent / group of 1.25% (5% x 25%).