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V1509-22 ·23 June 2022 ·consulta-vinculante Medium impact
Tax

The consolidation of full ownership through the extinction of usufruct is not subject to the ITPD/ISD (IIVTNU)

The taxpayer asks whether the consolidation of bare ownership into full ownership, following the death of the usufructuary, triggers the taxable event for the ITPD/ISD. The DGT responds that the extinction of the usufruct is neither a transfer nor a constitution of a real right, and therefore no tax accrual occurs.

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2022-06-23PublishedPublished 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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