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V1555-15 ·25 May 2015 ·consulta-vinculante Medium impact
Tax

Debt write-offs are not subject to ITP and AJD, whereas partial mortgage cancellations are exempt

A property development company has requested clarification on whether the forgiveness of part of a debt and the subsequent partial cancellation of a mortgage are exempt from ITP and AJD. The DGT has determined that a debt write-off is not subject to taxation and that while mortgage cancellation is subject to tax, it benefits from a specific exemption.

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2015-05-25PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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