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V0527-17 ·2 March 2017 ·consulta-vinculante Medium impact
Tax

Acquisition value of inherited shares determined by Inheritance and Gift Tax rules

A taxpayer inquired whether the original purchase price or the inheritance value should be used to calculate capital gains from the sale of inherited shares. The Directorate General for Taxes (DGT) ruled that the acquisition value is determined by applying the rules of Inheritance and Gift Tax.

In 6 key points

How it affects those involved

This clarification confirms that for capital gains tax purposes, the cost basis of inherited assets is fixed by their valuation at the time of inheritance rather than their historical purchase price.

Lifecycle

2017-03-02PublishedPublished 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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