8.2.3.11. Transfer of assets in exchange for a temporary or lifelong income

In the transfer of assets in exchange for a temporary or life annuity, the capital gain or loss will be determined by the difference between the current actuarial financial value of the annuity and the acquisition value of the assets transferred, and will be attributed to the tax period in which the annuity is established (art. 14.2.d) Law).

Note: If the transferred asset is the habitual residence and the transferor of the same is over 65 years of age or a person in a situation of severe or great dependency, the capital gain that may arise from this operation is exempt.