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V0297-21 ·18 February 2021 ·consulta-vinculante Medium impact
Tax

Conversion of usufruct authorised by will is taxed as acquisition of full ownership via inheritance

A query was raised regarding whether the conversion of a universal usufruct into full ownership, expressly authorised by the testator, constitutes a separate legal transaction. The DGT has determined that, as this stems from the testator's will rather than the heirs', it does not constitute a new transaction and is taxed as a mortis causa acquisition of the assets in full ownership.

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2021-02-18PublishedPublished 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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