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V1559-21 ·25 May 2021 ·consulta-vinculante Medium impact
Tax

Acquisition value for Personal Income Tax must be the value verified by the Autonomous Community

The inquirer asks which acquisition value should be used to calculate capital gains on a property following a review by the Autonomous Community of the value declared in the Property Transfer Tax. The DGT rules that the value verified by the regional authority must be used.

In 5 key points

How it affects those involved

This ruling clarifies that when a regional tax authority adjusts the value of a property for transfer tax purposes, that verified value must also be used as the acquisition cost for calculating capital gains in Personal Income Tax (IRPF).

Lifecycle

2021-05-25PublishedPublished 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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