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V1647-18 12 June 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · nuda propiedad

Termination of usufruct upon death does not constitute a new acquisition of real estate

A taxpayer inquired whether the value of an inherited property is updated upon the death of the usufructuary and the subsequent consolidation of ownership. The Directorate General for Tax Affairs (DGT) ruled that the termination of usufruct does not constitute a new acquisition; rather, it is the recovery of rights of enjoyment, meaning the original acquisition date of the bare ownership remains unchanged.

The question raised

Question raised - Whether the value of the property is updated in 2016 upon the death of the mother and the consolidation of full ownership.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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