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V2427-23 ·7 September 2023 ·consulta-vinculante Medium impact
Tax

Book value of shares cannot be used as acquisition value instead of inheritance tax value

A taxpayer inquired whether they could use the theoretical book value of inherited shares to calculate capital gains upon sale, rather than the value declared for Inheritance Tax purposes. The Directorate General of Taxes (DGT) ruled that the value declared or verified for said tax must be used.

In 6 key points

How it affects those involved

This ruling clarifies that for capital gains tax calculations involving inherited assets, the valuation must align with the amount declared in the inheritance tax return, preventing taxpayers from using lower book values to reduce tax liability.

Lifecycle

2023-09-07PublishedPublished 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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