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V1932-14 ·16 July 2014 ·consulta-vinculante Medium impact
Tax

Transfers via succession agreements do not benefit from the 'deceased's capital gain' exemption in Personal Income Tax

The taxpayer asks whether the transfer of real estate through succession agreements for improvement or separation in Galicia is exempt from capital gains tax under Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) rules that, as these are inter vivos acts, the exemption regarding the deceased's capital gain does not apply.

In 6 key points

How it affects those involved

Taxpayers conducting succession agreements in Galicia must account for capital gains tax on property transfers, as these transactions are treated as lifetime transfers rather than inheriting the deceased's acquisition cost.

Lifecycle

2014-07-16PublishedPublished 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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