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V2862-19 ·16 October 2019 ·consulta-vinculante Medium impact
Tax

Acceptance of a unilateral mortgage is not subject to the progressive rate for documented legal acts

A query was raised regarding whether the deed for the acceptance of a unilateral mortgage should be taxed at the progressive rate for documented legal acts. The Directorate General for Taxes (DGT) ruled that it should not, as the act lacks its own valuable content independent of the already taxed guarantee.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of unilateral mortgage acceptances, preventing double taxation or excessive taxation on acts that do not represent a separate taxable event from the underlying guarantee.

Lifecycle

2019-10-16PublishedPublished 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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