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V3371-20 ·17 November 2020 ·consulta-vinculante Medium impact
Tax

Donating real estate generates capital gains for Income Tax, but not capital losses

A retired couple seeks advice on the tax treatment of donating rural estates to their children. The DGT clarifies that while donations generate capital gains or losses, capital losses from gratuitous transfers are not deductible.

In 6 key points

Lifecycle

2020-11-17PublishedPublished 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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