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V3671-16 ·5 September 2016 ·consulta-vinculante Medium impact
Tax

Partial debt forgiveness to facilitate property sales is not subject to Gift Tax if there is no intent to make a gift

A taxpayer inquired whether a bank's partial forgiveness of mortgage debt following the sale of a property constitutes a gift. The DGT ruled that, as there was no intent to make a gift but rather an intention to recover part of the debt, no taxable event occurs.

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2016-09-05PublishedPublished 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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