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A taxpayer has inquired whether legal and solicitor fees arising from judicial inheritance proceedings can be added to the acquisition value of the inherited property. The Directorate General for Taxes (DGT) has ruled that they may be considered inherent acquisition costs if they are directly related to the acquisition itself.
This ruling allows taxpayers to reduce their future capital gains tax liability by increasing the acquisition cost of inherited property through the inclusion of related legal fees.
The tax team reviews your specific situation.
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