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V2566-22 ·19 December 2022 ·consulta-vinculante Medium impact
Tax

Rectifying errors in property descriptions is not taxable if no new transfer is proven

A taxpayer inquired whether a deed of exchange intended to correct a property description error from 1978 is subject to ITPAJD (Transfer Tax). The DGT stated that if the act is solely to rectify the error and no actual exchange of assets occurs, there is no transfer, and the exemption may apply.

In 6 key points

How it affects those involved

This ruling clarifies that purely corrective deeds do not trigger transfer tax, provided they do not involve a real change in ownership or asset exchange.

Lifecycle

2022-12-19PublishedPublished 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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