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V2476-20 ·21 July 2020 ·consulta-vinculante Medium impact
Tax

Creation of a life usufruct on urban property triggers IIVTNU, but consolidation upon death does not

The taxpayer asks whether donating a life usufruct of a property to his father triggers the tax on the increase in value of urban land (IIVTNU). The DGT rules that while the creation of the usufruct does trigger the tax, the subsequent consolidation of full ownership due to the death of the usufructuary does not.

In 6 key points

Lifecycle

2020-07-21PublishedPublished 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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