Skip to content
Back to index
V1257-25 9 July 2025 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancia patrimonial

Sale of inherited property creates capital gain or loss on savings base

A person enquired how to tax the sale of part of a property received by inheritance. The DGT explains that the difference between the acquisition value (based on Inheritance Tax) and the transfer value, minus related expenses, must be calculated.

The question raised

Taxation of the operation for the purposes of Personal Income Tax.

The DGT's ruling

The transfer generates a capital gain or loss that is included in the savings tax base. The acquisition value for inherited assets is the amount resulting from the application of the Inheritance and Gift Tax rules, not exceeding the market value, plus the tax paid and the expenses inherent to the acquisition. The transfer value is the actual amount of the disposal, deducting the expenses and taxes paid by the transferor.

Book your free first meeting