Skip to content
V0942-24 ·30 April 2024 ·consulta-vinculante Medium impact
Tax

Exercise of right of first refusal does not allow for Transfer Tax exemption

The applicant asks whether acquiring a property through a preferential option following a lease agreement allows for an exemption based on the right of pre-emption. The DGT rules that, as this constitutes a right of first refusal (tanteo) rather than a right of pre-emption (retracto), the transaction is subject to tax.

In 6 key points

How it affects those involved

The ruling clarifies that the tax exemption applicable to the right of pre-emption (retracto) cannot be extended to the right of first refusal (tanteo), meaning such acquisitions will incur Transfer Tax liabilities.

Lifecycle

2024-04-30PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact