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V3032-21 ·7 December 2021 ·consulta-vinculante Medium impact
Tax

Payment as a guarantor creates a credit right, not automatic loss of capital

A person paid a third party's debt to avoid a home seizure after acting as a guarantor. The DGT states this payment creates a credit right against the debtor and constitutes a capital loss only if judicially uncollectable.

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2021-12-07PublishedPublished 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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