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V0059-24 ·15 February 2024 ·consulta-vinculante Medium impact
Tax

Capital gains from property sales are recognised in the period the asset is delivered

The taxpayer asks when to declare the sale of an inherited estate if a private contract is signed in January but the public deed is signed in November. The DGT rules that the gain must be recognised in the period in which the delivery of the sold item occurs.

In 6 key points

How it affects those involved

This clarifies the tax timing for property transactions, establishing that the transfer of possession (delivery) rather than the signing of a private contract or the formal deed determines the tax period for capital gains.

Lifecycle

2024-02-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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