Skip to content
V3470-20 ·30 November 2020 ·consulta-vinculante Medium impact
Tax

Donation of primary residence by individuals over 65 is exempt from Income Tax

A taxpayer inquired about the taxation of a property donation involving a residence used by their parents and uncle, all over the age of 65. The Directorate General for Taxes (DGT) ruled that the capital gain for the donors is exempt and that the recipients are not subject to Income Tax upon receiving the asset.

In 6 key points

Lifecycle

2020-11-30PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact