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V1543-15 ·22 May 2015 ·consulta-vinculante Medium impact
Tax

Transfer of assets via partition agreement does not qualify for the deceased's capital gains exemption

A taxpayer inquired whether transferring a property to their daughter through a succession partition agreement (under Galician civil law) could benefit from the exemption on capital gains triggered by death. The Directorate General for Taxes (DGT) ruled that, as this constitutes an inter vivos legal transaction, the exemption regarding the deceased's capital gains does not apply.

In 6 key points

How it affects those involved

Taxpayers using Galician succession partition agreements must be aware that these transfers are treated as inter vivos transactions, meaning they do not benefit from the specific tax exemptions applicable to transfers upon death.

Lifecycle

2015-05-22PublishedPublished 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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