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A query was raised regarding the taxation of the division of real estate held in joint ownership following successive inheritances. The DGT clarifies that the dissolution of joint property ownership does not constitute a change in assets for Income Tax purposes, provided the allocation respects the existing ownership shares.
This ruling provides legal certainty for co-owners dividing assets, confirming that as long as no one receives more than their proportional share, no capital gains tax is triggered.
The tax team reviews your specific situation.
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