{"id":349837,"date":"2025-05-19T11:20:39","date_gmt":"2025-05-19T09:20:39","guid":{"rendered":"https:\/\/ga-p.com\/?post_type=noticia&#038;p=349837"},"modified":"2025-05-19T11:39:41","modified_gmt":"2025-05-19T09:39:41","slug":"javier-vinuesa-and-john-galilea-analyse-the-growing-tax-uncertainty-surrounding-scrs-in-the-wake-of-the-investment-boom-el-confidencial","status":"publish","type":"noticia","link":"https:\/\/ga-p.com\/en\/news\/javier-vinuesa-and-john-galilea-analyse-the-growing-tax-uncertainty-surrounding-scrs-in-the-wake-of-the-investment-boom-el-confidencial\/","title":{"rendered":"Javier Vinuesa and John Galilea analyse the growing tax uncertainty surrounding SCRs in the wake of the investment boom | El Confidencial"},"content":{"rendered":"<div id=\"ColumnaMasSidebar-block_b65b3b61136844bfd1781d7464529f37\" class=\"ColumnaMasSidebar v1\">\n    <div class=\"container\">\n                <div class=\"hero-inner-blocks\">\n<div id=\"ColumnaIzquierda-block_7095c33235473b7cf3bb19be58d9ead2\" class=\"blanco ColumnaIzquierda\">\n    <div class=\"acf-innerblocks-container\">\n\n<h4 class=\"wp-block-heading\">Javier Vinuesa and John Galilea warn about the growing legal uncertainty surrounding SCRs, given the rise of tax inspections and the Treasury&#8217;s new restrictive interpretations of the grace period and delegated management.<\/h4>\n\n\n\n<p>Following the reform that limited the tax benefits of SICAVs, high net worth individuals have opted for SCRs as an investment alternative. However, the increase in tax inspections, especially in Catalonia and Aragon, has generated legal uncertainty about their tax treatment.<\/p>\n\n\n\n<p>Binding consultation V85\/23 argues that, during the first three years, SCR investments are not considered to be subject to a legal obligation, which would prevent the application of the wealth tax exemption.<\/p>\n\n\n\n<p>In this context, Javier Vinuesa and John Galilea warn:<br>&#8220;<em>The DGT has stated that, during the three-year period that the SCR has to comply with its mandatory investment ratio, it is not possible to consider that such securities are held in order to comply with a legal obligation, which leaves them outside the scope of the Wealth Tax exemption. It is surprising that a taxpayer should be prejudiced by anticipating compliance with the Law<\/em>.&#8221;<\/p>\n\n\n\n<div id=\"Boton-block_265d77a6707480d047ddd43557b5f266\" class=\"Boton\">\n\n            <a class=\"primaryCta scaleFromLeft rotateIcon\" href=\"https:\/\/www.elconfidencial.com\/empresas\/2025-05-17\/hacienda-aeat-scr-capital-riesgo-patrimonio_4130532\/\" target=\"_blank\"><span>Read more<\/span>\n                        <div class=\"containerImg\"><img decoding=\"async\" alt=\"icon\" src=\"https:\/\/ga-p.com\/wp-content\/themes\/ga-p\/assets\/images\/external-icon.svg\" \/><\/div><\/a>\n            <\/div>\n\n<\/div>\n<\/div>\n\n\n<div id=\"ColumnaSidebar-block_114855b8b75a4818a83914cfca7fb1a7\" class=\"blanco ColumnaSidebar\">\n    <div class=\"acf-innerblocks-container\">\n\n\n<div id=\"NoticiaPublicacionInformacion-block_6b83a4515669c3b32ccaef6a054083fc\" class=\"NoticiaPublicacionInformacion\">\n\n    <div class=\"personal_office\">\n        <div class=\"personal\">\n\n            \n                            <div class=\"abogados\">\n                    <div class=\"titleCategoria\">Lawyer mentioned<\/div>\n                    <div class=\"out itemCont\">\n                                                                                    <p class=\"item\">\n                                    <span class=\"rectangleBlu\"> <\/span>\n                                                                        <a href=\"https:\/\/ga-p.com\/en\/person\/javier-vinuesa\/\" class=\"nameAuthor\">Javier Vinuesa<\/a>\n                                                                        <span class=\"charge\"> &#8211; Partner<\/span>\n                                <\/p>\n                                                                                                                <p class=\"item\">\n                                    <span class=\"rectangleBlu\"> <\/span>\n                                                              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class=\"rectangleBlu\"> <\/span>\n                        <a href=\"https:\/\/ga-p.com\/en\/area\/tax\/\" class=\"nameAuthor\">Tax<\/a>\n                    <\/p>\n                                                                <\/div>\n                <\/div>\n<\/div>\n\n<\/div>\n<\/div>\n\n<\/div>\n\n    <\/div>\n\n<\/div>\n\n\n<div id=\"ColumnaMasSidebar-block_b65b3b61136844bfd1781d7464529f37\" class=\"ColumnaMasSidebar v1\">\n    <div class=\"container\">\n                <div class=\"hero-inner-blocks\">\n<div id=\"ColumnaIzquierda-block_7095c33235473b7cf3bb19be58d9ead2\" class=\"blanco ColumnaIzquierda\">\n    <div class=\"acf-innerblocks-container\">\n\n<div id=\"AnteriorSiguiente-block_5cacd089286f388cdce59267a121fed6\" class=\"AnteriorSiguiente\">\n\n\n            <div class=\"containerButtons\">\n            <a class=\"primaryCta prev \" href=\"https:\/\/ga-p.com\/en\/news\/ga_p-advises-itf-in-litigation-against-kosmos\/\" target=\"_self\" title=\"prev post\">See previous     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management.<\/p>\n","protected":false},"featured_media":0,"template":"","categoria":[273],"class_list":["post-349837","noticia","type-noticia","status-publish","hentry","categoria-press-mention"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vinuesa and Galilea analyse the tax insecurity of SCRs<\/title>\n<meta name=\"description\" content=\"Javier Vinuesa and John Galilea warn about the legal uncertainty surrounding SCRs, in the face of a surge in tax inspections...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ga-p.com\/en\/news\/javier-vinuesa-and-john-galilea-analyse-the-growing-tax-uncertainty-surrounding-scrs-in-the-wake-of-the-investment-boom-el-confidencial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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