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V0993-17 ·24 April 2017 ·consulta-vinculante Medium impact
Tax

Consolidation of ownership upon death of usufructuary is not subject to ISD, ITPAJD, or IS

A company holding the bare ownership of an estate seeks clarification on whether it must pay taxes following the consolidation of ownership due to the death of the usufructuary. The DGT determines that there is no tax liability for ISD, ITPAJD, or adjustments to Corporate Tax.

In 6 key points

How it affects those involved

The ruling confirms that the automatic merger of ownership rights upon the death of a usufructuary does not trigger transfer taxes or corporate tax implications for the bare owner.

Lifecycle

2017-04-24PublishedPublished 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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