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V0419-17 ·16 February 2017 ·consulta-vinculante Medium impact
Tax

The tax base for ITP and AJD shall be the declared value, unless the verification value or agreed price is higher

An individual has enquired about which value should be used to settle tax when purchasing a property from a bank. The DGT has ruled that the tax base is the real value, which shall be determined by the declared value or the result of administrative verification, whichever is higher.

In 6 key points

How it affects those involved

This ruling clarifies the criteria for determining the tax base in property transactions, ensuring that the tax is levied on the highest verifiable value.

Lifecycle

2017-02-16PublishedPublished 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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