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V1224-23 ·10 May 2023 ·consulta-vinculante Medium impact
Tax

Assets received via improvement pacts are subject to Wealth Tax and Income Tax from the date of acquisition

A taxpayer inquired about the taxation of assets (a house and land) received through a succession improvement pact in Galicia. The DGT ruled that these assets must be included in Wealth Tax and subject to the imputation of real estate income for Income Tax purposes from the date of acquisition.

In 6 key points

How it affects those involved

This ruling clarifies that assets acquired through improvement pacts are subject to taxation immediately upon acquisition, affecting both Wealth Tax and Income Tax obligations.

Lifecycle

2023-05-10PublishedPublished 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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