Tax effects of the payment in kind

Abstract

The current economic situation our country has placed in front of foreclosed loans, especially mortgages. With it, the debtor pays off your debt (solutorios effects). However, you do not have to pay on the one hand, it may be required to pay taxes via the operation and adjustments for those tax benefits conditional on the maintenance of the heritage item given in payment.

This complicates the households are unemployed. A lack of income and loss of housing adds a debt to the Treasury for a capital gain for which has not received any income.

The same applies to companies that in the absence of liquidity, and before going to the competition, are forced to go to the payment in kind, derived from it an income tax debt for which they have not earned. Not eligible for the deduction for reinvestment in extra profits, given their liquidity problems.

The regulation of this figure should take into account the taxes involved, negligible data, and other collateral, not more burdensome become an operation that already is.