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V1225-17 ·18 May 2017 ·consulta-vinculante Medium impact
Tax

No capital gains or losses on asset transfers via Galician succession pacts of separation

A query was raised regarding whether the transfer of assets through a succession pact of separation (under Galician civil law) is exempt from Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) has determined that this pact is considered a lucrative transfer by reason of death and, therefore, does not generate a capital gain.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of specific Galician succession mechanisms, confirming that they do not trigger capital gains tax for the recipient, as they are treated as transfers by reason of death.

Lifecycle

2017-05-18PublishedPublished 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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