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V1993-22 ·20 September 2022 ·consulta-vinculante Medium impact
Tax

Capital gains tax exemption on primary residence may apply if transferred to a bank-designated third party

A query was raised regarding whether transferring a primary residence to a third party designated by a bank to cancel a mortgage debt allows for a capital gains tax exemption. The Directorate General for Taxes (DGT) ruled that a deed in lieu of foreclosure (dación en pago) does not lose its legal nature if carried out in favour of a third party designated and accepted by the creditor to extinguish the obligation.

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2022-09-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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