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V1964-19 ·25 July 2019 ·consulta-vinculante Medium impact
Tax

Acquisition value of a property following the dissolution of community property is the original amount paid

A taxpayer inquired about the value to be used for a property allocated during a divorce when selling it years later. The DGT ruled that the dissolution of the community property regime does not allow for the updating of the asset's value.

In 6 key points

How it affects those involved

This ruling clarifies that the cost basis for tax purposes remains the original purchase price, preventing taxpayers from inflating the acquisition value through the division of assets during a divorce.

Lifecycle

2019-07-25PublishedPublished 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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