Residimos en Madrid y tenemos una segunda vivienda en Tenerife que queremos dejar a nuestro hijo. ¿Es mejor la donación o la herencia?

El artículo explora las diferentes opciones fiscales cuando se decide entre donar o heredar una segunda vivienda en Tenerife entre un cónyuge. The tax implications vary depending on whether the property is inherited or donated.

For inheritance, the property falls under the Community of Madrid's succession tax rules, which provide a 99% exemption if the deceased's residence hasn't changed. However, a donation is subject to different rules depending on the type of asset being donated. When it comes to income tax (IRPF), the sale or donation of the property generates a patrimonial gain or loss equivalent to the difference between the transmission value and the acquisition value.

This gain or loss is subject to taxation based on the following rates: inheritance does not generate such a gain or loss. Lastly, plusvalía municipal tax is payable in all scenarios where the sale price or donation value exceeds the purchase price, provided that the current market value exceeds the purchase price, ignoring any expenses incurred.

Ultimately, the most tax-efficient option depends on whether the property's current value exceeds its acquisition value. If it does, inheriting the property may be preferable to avoid a significant patrimonial gain in the IRPF, especially if it's high. Conversely, if the property's value is below acquisition value, donating the property might be more advantageous due to the lower Canarian donation tax.

To make an accurate assessment, it's essential to consider the purchase date, price, and associated costs; the cadastral reference value; the property's market value; and the current cadastral and soil values.