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V2889-21 ·17 November 2021 ·consulta-vinculante Medium impact
Tax

Dissolution of joint ownership through equivalent lots subject to Documented Legal Acts tax

Siblings inquired about the number of joint ownership communities formed by owning several properties and how to dissolve them using equivalent lots. The DGT ruled that the dissolution of each community will be subject to Documented Legal Acts tax, provided that the ownership shares are respected.

In 6 key points

How it affects those involved

The ruling clarifies that distributing assets in equivalent lots during the dissolution of a joint ownership community does not trigger transfer tax, provided the distribution strictly adheres to the existing ownership proportions; otherwise, any excess is taxed as a Documented Legal Act.

Lifecycle

2021-11-17PublishedPublished 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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