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V2740-21 ·10 November 2021 ·consulta-vinculante Medium impact
Tax

Assuming a co-borrower's debt without consideration may constitute a gift

A taxpayer inquired whether excluding her sister from a mortgage loan (where the sister was a co-borrower but not a property owner) constitutes a gift. The DGT stated that assuming a third party's debt without consideration is a taxable event for Inheritance and Gift Tax, unless it is proven to be the repayment of a previous loan.

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2021-11-10PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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