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V5261-16 ·13 December 2016 ·consulta-vinculante Medium impact
Tax

Value differences identified through administrative verification are not donations and are not subject to Inheritance and Gift Tax

A query was raised regarding whether the difference between the value of a property recorded in a deed and the value estimated by the Administration following a verification must be taxed under Personal Income Tax or Inheritance and Gift Tax. The DGT ruled that such a difference does not constitute a transfer for no consideration and, as the acquirer is a company, it falls outside the scope of Inheritance and Gift Tax.

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2016-12-13PublishedPublished 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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