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V1369-20 ·12 May 2020 ·consulta-vinculante Medium impact
Tax

Capital gains or losses arise if the division of joint ownership involves financial compensation

Three siblings decide to dissolve the joint ownership of an inherited property, awarding it to one of them in exchange for cash compensation paid to the other two. The DGT rules that this operation constitutes a change in assets that is subject to taxation.

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2020-05-12PublishedPublished 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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