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V1007-17 ·25 April 2017 ·consulta-vinculante Medium impact
Tax

Assumption of debt during company liquidation has no immediate tax impact on Personal Income Tax

A taxpayer has enquired about the tax treatment for partners who, upon dissolving a company, receive a share of a property and assume part of the mortgage debt. The DGT explains that the assumption of debt does not trigger immediate taxation, although it does affect the future acquisition value of the asset.

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2017-04-25PublishedPublished 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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