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V0253-23 ·14 February 2023 ·consulta-vinculante Medium impact
Tax

Property acquisition value for Personal Income Tax shall be the value verified by the Autonomous Community

A taxpayer inquired about the value to be used when calculating capital gains upon the donation of a previously acquired commercial premises. The Directorate General for Taxes (DGT) ruled that if the Autonomous Community reviewed and increased the acquisition value for Transfer Tax purposes, this new verified value must be used as the actual acquisition amount.

In 6 key points

How it affects those involved

This ruling clarifies that values verified by regional tax authorities for Transfer Tax purposes take precedence over original purchase prices when calculating capital gains for Personal Income Tax.

Lifecycle

2023-02-14PublishedPublished 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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