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V0468-20 ·27 February 2020 ·consulta-vinculante Medium impact
Tax

Acquisition value for Personal Income Tax shall be the value verified by the Administration following a value assessment

A taxpayer inquired whether they should use the actual purchase price or the value verified by the Administration following a value assessment. The Directorate General for Taxes (DGT) ruled that the verified value must be applied.

In 5 key points

How it affects those involved

This ruling clarifies that for tax purposes, the value determined through official administrative verification processes prevails over the actual transaction price when calculating capital gains.

Lifecycle

2020-02-27PublishedPublished 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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