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V5309-16 ·15 December 2016 ·consulta-vinculante Medium impact
Tax

Exemption for debt settlement in lieu of payment does not apply if the property is not the primary residence

A taxpayer inquired whether the transfer of a property to settle a mortgage debt is exempt from Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) ruled that the exemption only applies if the transferred property constitutes the debtor's primary residence.

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2016-12-15PublishedPublished 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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