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V2233-14 2 September 2014 · SG de Tributos Criterion in force
OTRO · valor de adquisición

Acquisition value of foreign real estate must include taxes and costs

The DGT confirms that the acquisition value of inherited foreign property must include all costs and taxes related to the transaction.

The question raised

Is only the value that served as the basis for calculating inheritance tax established, or must the amounts of the taxes and expenses corresponding to the inheritance that were paid abroad be added to said value?

The DGT's ruling

In accordance with Article 54 bis.2.d of the General Regulation of tax management and inspection actions and procedures, the acquisition value of real estate located abroad must be the acquisition value. This value includes the expenses and taxes inherent to the transaction.

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