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V2162-20 ·26 June 2020 ·consulta-vinculante Medium impact
Tax

Taxation on 50/50 property acquisition by couples depends on the type of prior contract with the developer

A taxpayer inquired whether she and her partner could acquire a property with a 50% share each, despite her having contributed more funds. The Directorate-General for Tax Affairs (DGT) ruled that if a private sale and purchase agreement already exists, the portion she transfers to her partner is subject to Transfer Tax (ITP) and Stamp Duty (AJD). However, if only a deposit agreement (contrato de arras) is in place, they may acquire it in equal shares without additional taxation.

In 6 key points

How it affects those involved

This ruling clarifies the tax implications of adjusting ownership shares in property acquisitions, highlighting the distinction between deposit agreements and formal sale contracts.

Lifecycle

2020-06-26PublishedPublished 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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