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V2583-19 20 September 2019 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
ITPAJD · rectificación de error

Rectifying an inheritance allocation due to error may be taxed as an onerous exchange

A query was raised regarding whether a deed rectifying an error in an inheritance allocation constitutes a new transfer or remains a single transaction. The DGT ruled that, unless the error entails the nullity or non-existence of the original act, the rectification is considered an exchange subject to tax.

The question raised

Taxation of the deed for rectification of error.

The DGT's ruling

The rectification deed shall only be exempt from Documented Legal Acts if the original error implies the non-existence or nullity of the act. Otherwise, the exchange of ownership shares is considered a barter and shall be taxed under the Transfer Tax as an onerous transfer of assets.

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