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V2746-23 ·9 October 2023 ·consulta-vinculante Medium impact
Tax

Acquisition value of real estate includes purchase price, expenses, and investments or improvements

A taxpayer inquired about the acquisition value to be used when calculating capital gains for a property acquired as rural land with an unregistered building, following subsequent improvements. The DGT ruled that the acquisition value consists of the actual purchase price plus inherent expenses and the cost of any improvements made.

In 5 key points

How it affects those involved

This ruling clarifies how to calculate the tax base for capital gains on real estate, ensuring that all costs related to the acquisition and subsequent enhancement of the property are correctly included to avoid overtaxation.

Lifecycle

2023-10-09PublishedPublished 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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