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V1229-19 ·30 May 2019 ·consulta-vinculante Medium impact
Tax

Transfer value is the actual amount paid by the buyer, even if part is used to settle a mortgage

A taxpayer has enquired about the transfer value of a mortgaged property when part of the sale price is used to repay the debt. The DGT has ruled that the value is the actual amount effectively paid by the acquirer.

In 6 key points

How it affects those involved

This clarification ensures certainty for taxpayers regarding the calculation of capital gains and acquisition costs when debt settlement is part of the transaction.

Lifecycle

2019-05-30PublishedPublished 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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