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V0134-24 ·16 February 2024 ·consulta-vinculante Medium impact
Tax

Capital gains or losses from property sales are recognised in the year of transfer

A query was raised regarding which tax year the deposit (arras) received should be declared when the sale and purchase agreement is signed in a different year. The DGT ruled that the change in assets occurs upon the transfer of the property.

In 6 key points

How it affects those involved

This clarifies the timing for tax reporting on property transactions, confirming that the tax event is triggered by the transfer of ownership rather than the receipt of deposits.

Lifecycle

2024-02-16PublishedPublished 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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