Skip to content
V1716-20 ·1 June 2020 ·consulta-vinculante Medium impact
Tax

Transfer of property in satisfaction of a debt does not affect Inheritance Tax self-assessment

A resident in Spain has enquired about the taxation of an inheritance from a father resident in Mexico, where a property will be transferred to settle a debt prior to the division of assets. The Directorate-General for Taxes (DGT) clarifies that the transfer occurs after the tax accrual and that the taxable base is calculated using deductible debts existing at the time of death.

In 6 key points

Lifecycle

2020-06-01PublishedPublished 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