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V2175-22 ·17 October 2022 ·consulta-vinculante Medium impact
Tax

Creation of a life usufruct is subject to IBI, but its extinction upon death is not

A query was raised regarding whether the creation of a life usufruct following a death is subject to municipal capital gains tax (IIVTNU). The DGT ruled that while the creation of the usufruct does trigger the tax, its extinction due to the death of the usufructuary does not constitute a transfer and therefore is not taxable.

In 6 key points

Lifecycle

2022-10-17PublishedPublished 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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