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V0728-23 ·27 March 2023 ·consulta-vinculante Medium impact
Tax

ITPAJD tax base for land purchases: reference value or higher of other magnitudes

A company has requested guidance on how to value agricultural land it intends to acquire from an individual who no longer carries out agricultural activities. The DGT clarifies that the transaction is subject to ITPAJD and explains the rules for determining the tax base depending on whether a reference value exists.

In 6 key points

How it affects those involved

This ruling clarifies the hierarchy of valuation methods for property transfers, specifically highlighting the primacy of the Cadastre's reference value in determining the tax base for ITPAJD.

Lifecycle

2023-03-27PublishedPublished 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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