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V4032-16 ·22 September 2016 ·consulta-vinculante Medium impact
Tax

Selling a private vehicle generates a capital gain or loss for Income Tax purposes

The inquirer asks how the sale of a vehicle purchased in 2007, which was not used for business activities, is taxed. The DGT rules that the transaction constitutes a capital gain or loss, but warns that losses due to consumption will not be taken into account.

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2016-09-22PublishedPublished 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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