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V1122-23 ·4 May 2023 ·consulta-vinculante Medium impact
Tax

Capital gains or losses arise if the allocation of assets exceeds the ownership share

A taxpayer inquired about the tax implications of dissolving a co-ownership of a property by allocating the entire asset to a sibling in exchange for compensation. The Directorate General for Taxes (DGT) ruled that an allocation that does not respect the existing ownership shares does constitute a capital alteration.

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2023-05-04PublishedPublished 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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