Determinación del valor de adquisición de los bienes y derechos transmitidos por herencia a efectos del Impuesto sobre la Renta de las Personas Físicas: una interpretación razonable del Artículo 36 de la Ley 35/2006

Abstract

The following study reflects the author´s opinion as to which should be the correct interpretation of Article 36 of the Spanish Personal Income Tax Act 35/2006. Article 36 determines the rules in order to calculate the market value of an asset inherited by an individual. From the perspective of the Personal Income Tax, this value becomes the value of acquisition necessary to calculate the gain or loss that arises when that asset is disposed.