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V4595-16 ·27 October 2016 ·consulta-vinculante Medium impact
Tax

Taxpayer's expert valuation serves as the basis for assessment if a third expert is not required

A query was made regarding the application of Article 135.2 of the General Tax Law (LGT) within the contradictory expert valuation procedure. The Directorate General of Taxes (DGT) clarifies that if the difference between values is less than 120,000 euros and does not exceed 10 per cent, the valuation provided by the taxpayer's expert shall be used.

In 6 key points

How it affects those involved

This ruling streamlines the tax assessment process by preventing unnecessary third-party expert appointments when valuation discrepancies are minor, thereby reducing administrative costs and time.

Lifecycle

2016-10-27PublishedPublished 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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