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V5032-16 ·21 November 2016 ·consulta-vinculante Medium impact
Tax

Reduction in property sale price is not subject to gift tax but is taxed as capital gains for Income Tax purposes

A query was raised regarding whether a reduction in the sale price of a rural property, agreed upon after the sale, constitutes a gift or a capital gain. The DGT ruled that it does not constitute a gift due to the absence of intent to make a liberal gift, but it does constitute a capital gain for Personal Income Tax purposes.

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2016-11-21PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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