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V3914-15 7 December 2015 · SG de Tributos Criterion in force
IRPF · valor de adquisición

Acquisition value for foreign real estate must be actual purchase price

The DGT clarifies how to determine the acquisition value of foreign real estate for reporting purposes, stating it should be the value defined in the Personal Income Tax Law.

The question raised

Detailed explanation of what is understood by acquisition value.

The DGT's ruling

The acquisition value for the informative declaration of real estate abroad is the acquisition value pursuant to the Personal Income Tax Law. In onerous transfers, this value is composed of the actual acquisition amount plus the cost of investments, improvements, expenses, and inherent taxes, excluding interest. This actual value may not be lower than the market value.

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