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V0421-23 ·24 February 2023 ·consulta-vinculante Medium impact
Tax

Acquisition of bare ownership of a vehicle is taxed based on the value of the usufruct and the total value of the asset

A query was raised regarding how the acquisition of the bare ownership of a vehicle should be taxed when a usufructuary exists. The DGT indicates that the transaction is subject to Transfer Tax and must follow the valuation rules set out in the TRLITPAJD.

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2023-02-24PublishedPublished 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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