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V0366-24 ·12 March 2024 ·consulta-vinculante Medium impact
Tax

Property acquisition value to be the value verified by the Autonomous Community following a review

A taxpayer inquired which value should be used to calculate capital gains on a property after the Community of Madrid conducted a value verification. The Directorate General of Taxes (DGT) ruled that the verified value must be applied.

In 5 key points

How it affects those involved

This ruling clarifies that when a regional tax authority verifies property values, the resulting verified amount supersedes the taxpayer's original declared acquisition value for capital gains tax purposes.

Lifecycle

2024-03-12PublishedPublished 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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