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V0397-20 ·20 February 2020 ·consulta-vinculante Medium impact
Tax

Penitential earnest money received by the seller is taxed as a capital gain in the general tax base

A taxpayer over 65 enquired whether penitential earnest money received due to the failure to complete the sale of their primary residence was exempt. The DGT ruled that these amounts are taxed as a capital gain included in the general tax base.

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2020-02-20PublishedPublished 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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