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V1295-24 ·4 June 2024 ·consulta-vinculante Medium impact
Tax

Sale of properties acquired before 1994 ineligible for tax reductions if used for business leasing

The taxpayer inquired whether the reduction for seniority (Ninth Transitional Provision of the IRPF Act) could be applied to the sale of properties acquired before 1994. The Directorate General for Taxes (DGT) ruled that if the properties were part of a business lease during the three years prior to the sale, they are considered assets tied to an economic activity and are therefore ineligible for the reduction.

In 6 key points

How it affects those involved

This ruling limits the tax benefits available for the sale of older properties, specifically preventing the application of seniority reductions if the assets were used for commercial leasing purposes shortly before the sale.

Lifecycle

2024-06-04PublishedPublished 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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