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V1862-18 ·26 June 2018 ·consulta-vinculante Medium impact
Tax

The acquisition date of a property is the date the public deed for the exercise of the purchase option is formalised

A query was raised regarding which date and acquisition value should be used to calculate capital gains on a commercial premises following a financial lease. The DGT ruled that the acquisition date is the date the public deed for the exercise of the purchase option is formalised, as this is when the transfer of possession is understood to occur.

In 6 key points

How it affects those involved

This ruling clarifies the tax implications for taxpayers exiting financial leases, specifically regarding the timing for calculating capital gains tax on assets used for business purposes.

Lifecycle

2018-06-26PublishedPublished 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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