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V2867-16 ·22 June 2016 ·consulta-vinculante Medium impact
Tax

Consumer goods cannot be used to offset capital losses in the sale of a property

A taxpayer has requested clarification regarding the taxation of the sale of their primary residence along with furniture, appliances, and other items. The Directorate General for Taxes (DGT) clarifies that the sale of consumer goods does not allow for the recognition of capital losses due to normal wear and tear, and that only improvements made to the property are included in the acquisition value.

In 6 key points

How it affects those involved

This ruling limits the ability of taxpayers to reduce their taxable capital gains from property sales by including the depreciated value of household contents.

Lifecycle

2016-06-22PublishedPublished 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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