Doctrine by topic · DGT Observatory

Mortgage Loan: DGT doctrinal evolution

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

← DGT Observatory

How the DGT's position has evolved

Stable position Medium confidence 56 rulings · 2014–2025

Current position

The release of co-debtors in a loan with mortgage security through a public deed is subject to AJD (Stamp Duty). The taxable person is the one who requests the execution of the notarial document, as the operation is classified as a debt and not as a transfer of assets or rights. The applicable tax rate is that of the Autonomous Community or 0.50 percent.

The DGT's position does not show a single doctrinal evolution, but rather addresses various scenarios of mortgage operations. The exemption in novations affecting the interest rate or term is maintained (V5438-16), and the proportionality of payments in loans involving multiple assets is established (V0707-23). The doctrine remains constant in applying the regulations according to the nature of the modification or the event (death, divorce, or release of debt).

Turning points

  1. V5438-16

    Specifies that the AJD exemption in novations is strictly limited to modifications of the interest rate or the term, excluding changes in the amortization method or principal.

  2. V0707-23

    Establishes that in loans involving multiple assets, each payment covers an aliquot part of each asset, preventing the discretionary attribution of amortizations to a specific asset.

Analysis based on 52 of 56 rulings with a stated position. Updated 23 September 2026.

Rulings on this topic

24
V0985-25 10 Jun 2025

Release of a co-borrower in a mortgage loan is subject to documented legal acts tax

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
liberación de codeudoractos jurídicos documentadossujeto pasivopréstamo hipotecariodisolución de condominio TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 29TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 31.2
Affects CompanyExpat · Non-residentIndividual
V2165-24 9 Oct 2024

Cancellation and new mortgage costs may be deducted from real estate income

SG de Impuestos sobre la Renta de las Personas Físicas
rendimientos del capital inmobiliariogastos de financiacióncancelación anticipadapréstamo hipotecariogastos de notaría LIRPF — Ley 35/2006 del IRPF art. 22LIRPF — Ley 35/2006 del IRPF art. 23.1
Affects CompanyExpat · Non-residentIndividual
V0707-23 23 Mar 2023

Loan repayments cannot be attributed exclusively to the main residence

SG de Impuestos sobre la Renta de las Personas Físicas
deducción por inversión en vivienda habitualamortización anticipadapréstamo hipotecariobase de deducciónrégimen transitorio LIRPF — Ley 35/2006 del IRPF art. 68.1.1ºLIRPF — Ley 35/2006 del IRPF art. 70.1
Affects CompanyExpat · Non-residentIndividual
V1148-22 25 May 2022

Release of a co-debtor in a mortgage loan is subject to Stamp Duty

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
actos jurídicos documentadossujeto pasivoliberación de deudorpréstamo hipotecariocodeudor TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 29TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 31.2
Affects CompanyExpat · Non-residentIndividual
V1014-21 20 Apr 2021

Mortgage debt cancellation via life insurance may result in capital gains

SG de Tributación de las Operaciones Financieras
ganancia patrimonialseguro de vidapréstamo hipotecariocancelación de deudabase imponible general LIRPF — Ley 35/2006 del IRPF art. 33.1LIRPF — Ley 35/2006 del IRPF art. 33.3.b
Affects CompanyExpat · Non-residentIndividual
V0174-20 22 Jan 2020

Objective Stamp Duty exemptions for SAREB asset transfers remain in force

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
exención subjetivaexención objetivasujeto pasivoactos jurídicos documentadostransmisión de activos TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 29TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 45.I.B.24
Affects CompanyExpat · Non-residentIndividual
V1443-19 14 Jun 2019

Banks cannot use the cooperative exemption but may use the social housing exemption

SG de Impuestos Patrimoniales, Tasas y Precios Públicos
exención subjetivaexención objetivasujeto pasivoactos jurídicos documentadosvivienda de protección oficial TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 29TRITPAJD — RDLeg 1/1993 de ITP y AJD art. 31.2
Affects CompanyExpat · Non-residentIndividual

Apply this to your case

Beckham Law & impatriate taxationTalk to the team applying this doctrine daily.
IRPF Spain 2026 CalculatorEstimate the impact on your case in two minutes.
Talk to the tax teamWe check whether this criterion affects you and what it means in your situation.
Email
Contact