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V3151-20 ·22 October 2020 ·consulta-vinculante Medium impact
Tax

Dissolution of co-ownership triggers capital gains or losses if the allocation exceeds the ownership share

Three siblings wish to dissolve the co-ownership of a property, where one retains the house and the others receive cash. The DGT indicates that the division of common property does not affect net wealth if the corresponding share is allocated; however, if assets are allocated at a value exceeding the share, a capital gain or loss is triggered.

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2020-10-22PublishedPublished 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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