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V0615-17 ·9 March 2017 ·consulta-vinculante Medium impact
Tax

Acquisition value of donated assets shall be market value if omitted from inheritance tax return

A taxpayer inquired how to determine the acquisition value of plots donated in 1996, where a built dwelling was not included in the declaration. The DGT ruled that, as it constitutes a lucrative acquisition, the Inheritance and Gift Tax regulations shall apply.

In 5 key points

How it affects those involved

This ruling clarifies that omissions in previous inheritance or gift tax declarations require the use of market value for future capital gains calculations.

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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