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A query was raised regarding whether taxes paid during the purchase of real estate should be added to the purchase price for valuation purposes in Wealth Tax. The Directorate-General for Taxes (DGT) ruled that they should, as they are considered taxes inherent to the acquisition.
This ruling clarifies that the taxable base for Wealth Tax will be higher as it includes all acquisition-related taxes, preventing taxpayers from understating the value of their real estate holdings.
The tax team reviews your specific situation.
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