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V1189-22 ·26 May 2022 ·consulta-vinculante Medium impact
Tax

Gift of habitual home by those over 65 may be exempt from income tax; loan losses require specific legal conditions

The consultant asks whether donating their habitual home results in capital gain and whether a loss from an unpaid loan can be deducted. The DGT responds that the gain is exempt if the conditions of habitual home and age are met, and that loan losses are only deductible under specific legal circumstances.

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2022-05-26PublishedPublished 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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