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V1092-22 ·19 May 2022 ·consulta-vinculante Medium impact
Tax

Release of mortgage debt without consideration constitutes a donation subject to Inheritance and Gift Tax

A query was raised regarding how to determine the taxable base when a child assumes their parents' mortgage debt to release them from the obligation. The DGT ruled that the gratuitous assumption of debt for the purpose of releasing the debtor is a free legal transaction subject to Inheritance and Gift Tax.

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2022-05-19PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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