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V1900-20 ·11 June 2020 ·consulta-vinculante Medium impact
Tax

Consolidation of ownership upon death of usufructuary is not subject to ITP if the bare owner already held full ownership

A query was raised regarding whether the consolidation of ownership following the death of a life usufructuary is subject to Transfer Tax (ITP). The Directorate General for Taxes (DGT) ruled that no tax is due if the bare owner already held full ownership prior to the dismemberment of ownership.

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Lifecycle

2020-06-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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