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V0372-21 ·25 February 2021 ·consulta-vinculante Medium impact
Tax

Sale of personal jewellery generates capital gains or losses for Personal Income Tax (IRPF)

A query was made regarding the taxation of jewellery sales by an individual. The Directorate-General for Taxes (DGT) ruled that, as this is not part of an economic activity, the sale generates capital gains or losses based on the difference between the acquisition value and the transfer value.

In 6 key points

How it affects those involved

This clarification confirms that the sale of personal assets like jewellery is subject to capital gains tax under the savings tax base, provided they are not part of a business activity.

Lifecycle

2021-02-25PublishedPublished 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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