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V0871-23 ·12 April 2023 ·consulta-vinculante Medium impact
Tax

Acquisition value of inherited property with usufruct is the full ownership value under Inheritance and Gift Tax rules

A taxpayer inquired about the acquisition value of a property inherited as bare ownership in 1982, where the usufruct was consolidated in 2020 following the death of the usufructuary. The DGT clarifies that the extinction of the usufruct does not constitute a new acquisition, but rather the recovery of rights of enjoyment, and determines how to calculate the acquisition value and any potential reduction based on seniority.

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2023-04-12PublishedPublished 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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