Doctrine by topic · DGT Observatory

Accord and Satisfaction: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 10 rulings · 2014–2023

Current position

The delivery of assets to extinguish a debt constitutes an accord and satisfaction, classified as an onerous legal transaction subject to ITPAJD (Transfer Tax and Stamp Duty) under the modality of onerous asset transfers. The tax base is the higher of the property's reference value and the value of the debt assumed. This operation is considered a separate agreement from a capital contribution or a capital increase.

The DGT's position remains constant in classifying accord and satisfaction as an onerous transfer subject to ITPAJD. Throughout the rulings, it has been specified that the assumption of debt and the delivery of assets are agreements distinct from the corporate operation. The doctrine has ruled out the application of analogy for exemptions regarding money and has defined the tax base based on the reference value.

Turning points

  1. V2273-19

    It is established that the exemption for the delivery of money in payment of indemnities is not applicable to movable or immovable property, prohibiting the application of analogy.

  2. V1391-23

    It defines the tax base as the higher of the property's reference value and the value of the consideration (the debt assumed).

Analysis based on 10 of 10 rulings with a stated position. Updated 28 September 2026.

Rulings on this topic

10
V1391-23 23 May 2023

Assuming mortgage debt when receiving property is subject to ITPAJD rather than ISD

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
asunción liberatoria de deudatransmisión onerosaprincipio de calificaciónvalor de referenciaadjudicación en pago LISD — Ley 29/1987 de Sucesiones y Donaciones art. 1LISD — Ley 29/1987 de Sucesiones y Donaciones art. 3.1.b
Affects CompanyExpat · Non-residentIndividual
V2875-21 17 Nov 2021

Assumption of debts in individual asset contributions is subject to ITP

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
asunción de deudaadjudicación en pagotransmisiones patrimoniales onerosasrama de actividadhecho imponible TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 7.2.ATRITPAJD — RDLeg 1/1993 de ITP y AJD art. 7.2.B
Affects CompanyExpat · Non-residentIndividual
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