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V2629-21 ·29 October 2021 ·consulta-vinculante Medium impact
Tax

Exchange of usufruct for cash following inheritance acceptance is taxed as a barter under ITPAJD

Consultants inquired whether the distribution of cash through the capitalisation of usufruct could be considered a barter of bare ownership and usufruct. The DGT ruled that, once the inheritance has been accepted, this act constitutes an independent legal transaction subject to Transfer Tax (ITPAJD).

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2021-10-29PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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