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V0293-24 ·5 March 2024 ·consulta-vinculante Medium impact
Tax

Property acquisition value for Income Tax shall be the value verified by the Autonomous Community following an ITP review

A taxpayer has requested clarification on how to calculate capital gains for Income Tax purposes after donating a property previously acquired for consideration. The Directorate General for Taxes (DGT) clarifies that if the Autonomous Community conducted a value verification for Transfer Tax (ITP), that verified value must be used as the actual acquisition amount.

In 6 key points

How it affects those involved

This ruling provides legal certainty regarding the calculation of capital gains or losses in cases where the acquisition value was subject to administrative verification by regional tax authorities.

Lifecycle

2024-03-05PublishedPublished 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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