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V2335-22 ·10 November 2022 ·consulta-vinculante Medium impact
Tax

Consolidation of ownership upon death of usufructuary taxed as onerous acquisition for ITP and AJD

The taxpayer, the bare owner of a property acquired for consideration, asks how the consolidation of ownership is taxed following the death of the usufructuary (their mother). The DGT rules that it must be taxed under ITP and AJD rather than Inheritance Tax.

In 6 key points

How it affects those involved

This ruling clarifies that the merger of bare ownership and usufruct due to death is treated as an onerous transfer of property, triggering Transfer Tax (ITP) and Stamp Duty (AJD) instead of Inheritance Tax.

Lifecycle

2022-11-10PublishedPublished 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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