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V1347-21 ·12 May 2021 ·consulta-vinculante Medium impact
Tax

Bare owner must pay tax upon consolidation of ownership following the death of the usufructuary

A query was raised regarding whether the obligation to pay taxes arising from the termination of a life usufruct begins at the moment of the usufructuary's death and whether this responsibility falls upon the bare owner. The DGT ruled that the usufruct is extinguished by death and that the bare owner is the party liable for payment.

In 5 key points

Lifecycle

2021-05-12PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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