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V2181-20 ·29 June 2020 ·consulta-vinculante Medium impact
Tax

Gains from dissolution of joint property may be attributed upon maturity of promissory notes

A taxpayer inquired whether capital gains from the dissolution of co-ownership could be attributed at the time they received funds from seized promissory notes. The DGT ruled that the gain is generated upon the allocation of assets and must be attributed according to the maturity date of each promissory note.

In 6 key points

How it affects those involved

This ruling clarifies the timing of tax liability for capital gains arising from the dissolution of joint property when the settlement involves promissory notes, establishing that the tax event follows the maturity of the instruments rather than the receipt of funds.

Lifecycle

2020-06-29PublishedPublished 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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