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V1160-19 ·28 May 2019 ·consulta-vinculante Medium impact
Tax

Release of a co-debtor from a debt without consideration may be subject to Inheritance and Gift Tax

The inquirer asks whether excluding an ex-partner from a mortgage loan by assuming their debt entails tax liabilities. The DGT indicates that if the release of debt is carried out without consideration, it is considered a gift subject to tax, unless it is proven to be the repayment of a previous loan.

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2019-05-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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