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V0724-23 ·24 March 2023 ·consulta-vinculante Medium impact
Tax

Acquisition of private property via swap in co-ownership dissolution subject to ITP and AJD tax

A taxpayer wishes to dissolve a co-ownership of a property by transferring their 50% share to their brother, who will compensate for the excess by transferring a property of his exclusive ownership. The DGT has ruled that the transfer of the private property constitutes a swap subject to Transfer Tax (ITP) and Stamp Duty (AJD).

In 6 key points

How it affects those involved

This ruling clarifies that when a co-ownership dissolution involves the exchange of assets rather than a simple distribution of shares, it is treated as a swap, triggering tax liabilities for both Transfer Tax and Stamp Duty.

Lifecycle

2023-03-24PublishedPublished 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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