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V0314-17 ·6 February 2017 ·consulta-vinculante Medium impact
Tax

Handing over primary residence to settle mortgage may be exempt from Income Tax

A query was raised regarding whether transferring a primary residence to cancel a mortgage debt triggers Income Tax (IRPF). The Directorate-General for Tax (DGT) has ruled that while this transaction results in a capital gain or loss, it may be exempt provided certain legal requirements are met.

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2017-02-06PublishedPublished 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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