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V2696-20 2 September 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancias y pérdidas patrimoniales

Selling a personal vehicle generates a capital gain taxed within the savings tax base

A query was made regarding the taxation of a vehicle purchased for €30,000 and sold for €36,000. The DGT ruled that, as it is an item of personal assets, the difference constitutes a capital gain included in the savings tax base.

The question raised

Taxation in the Personal Income Tax (IRPF) of the sale of a vehicle acquired for €30,000 and sold for €36,000.

The DGT's ruling

The sale of a vehicle that forms part of personal assets generates a capital gain or loss based on the difference between its acquisition and transfer values. The acquisition value includes the actual amount plus expenses, taxes, and investments, reduced by depreciation. The transfer value is the actual amount of the disposal, deducting the expenses and taxes paid by the transferor. This gain constitutes savings income and is included in the savings tax base.

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