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V2653-23 ·29 September 2023 ·consulta-vinculante Medium impact
Tax

Capital gains from property sales are attributed based on legal ownership rather than the amount received

A query was raised regarding whether capital gains from the sale of a property should be calculated based on the cash received by each co-owner or according to their percentage of ownership. The Directorate General for Tax (DGT) ruled that gains are attributed according to the legal ownership of each owner, regardless of how the proceeds are distributed.

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2023-09-29PublishedPublished 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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