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V0688-21 ·23 March 2021 ·consulta-vinculante Medium impact
Tax

The capital gain or loss from the sale of an asset under an improvement agreement belongs to the improver

A query is made regarding who must pay tax on the sale of a rural estate following an improvement agreement under Galician Civil Law, where the improver reserved the power of disposal. The DGT determines that the gain or loss must be attributed exclusively to the improver as the owner of the asset.

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2021-03-23PublishedPublished 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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