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V1440-22 20 June 2022 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancia patrimonial

Completion date of works may be used as acquisition date if properly substantiated

A taxpayer has enquired about determining the value and acquisition date of a property that has been built and extended for the purpose of calculating capital gains. The DGT has ruled that the acquisition date for a building is the date on which the works were completed, provided this can be substantiated, and that improvements or extensions also have their own specific acquisition dates.

The question raised

What is the value and date of acquisition of the dwelling for the purposes of calculating the capital gain or loss in the Personal Income Tax.

The DGT's ruling

The date of acquisition of the building is the date of completion of the works, provided that the taxpayer can prove it by any valid means of evidence. In the event that it cannot be proven, the date of the deed of declaration of new construction shall be taken. Improvement or expansion works that increase the capacity, habitability, or useful life of the property form part of the acquisition value with their own date of completion. Repair and maintenance expenses are not included in the acquisition value.

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