Skip to content
V1713-24 ·11 July 2024 ·consulta-vinculante Medium impact
Tax

Donating cash does not create capital gains or losses, but donating assets may

A taxpayer has enquired about the tax implications for their Personal Income Tax (IRPF) when donating cash and a plot of land to their children. The Directorate General for Taxes (DGT) has ruled that the donation of cash does not result in capital gains or losses, whereas the donation of assets can indeed generate such results.

In 6 key points

Lifecycle

2024-07-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact