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V0603-17 ·9 March 2017 ·consulta-vinculante Medium impact
Tax

The €400,000 limit applies jointly to the reduction of capital gains

A taxpayer inquired how to apply the reduction under the ninth transitional provision of the Personal Income Tax Act (LIRPF) after selling shares and real estate in the same year, with the total transfer value exceeding €400,000. The Directorate General for Taxes (DGT) clarified that the €400,000 limit applies jointly to all transferred assets since 2015.

In 6 key points

How it affects those involved

Taxpayers selling multiple assets in a single tax year must consider the cumulative transfer value when applying specific capital gains reductions, as the €400,000 threshold is shared across all assets.

Lifecycle

2017-03-09PublishedPublished 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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