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V2687-23 ·3 October 2023 ·consulta-vinculante Medium impact
Tax

Taxation based on the higher of the outstanding tax from split ownership or the current gift

A taxpayer holding the bare ownership of a property inquired about how to tax the gift of a life usufruct by their mother. The DGT ruled that the taxpayer must compare the outstanding tax settlement resulting from the split ownership with the amount due for the current gift, and pay the higher of the two.

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2023-10-03PublishedPublished 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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