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V0799-23 ·3 April 2023 ·consulta-vinculante Medium impact
Tax

Inflation correction coefficients cannot be applied to the acquisition value of rural property

A query was raised regarding whether the acquisition value of rural property can be updated using inflation correction coefficients. The Directorate General for Taxes (DGT) ruled that the law does not provide for such correction, although a transitional regime exists for assets acquired before 1995.

In 6 key points

How it affects those involved

Taxpayers cannot adjust the purchase price of rural land for inflation to reduce capital gains tax, except under specific transitional rules for older assets.

Lifecycle

2023-04-03PublishedPublished 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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