Skip to content
V0028-20 ·9 January 2020 ·consulta-vinculante Medium impact
Tax

Judicial auction of storage units subject to VAT if it is the developer's first supply

An individual has enquired whether the award of four storage units in a judicial auction is subject to VAT. The DGT has ruled that, as the transferring entity is a property developer and this constitutes a first supply, the transaction is subject to VAT at the standard rate.

In 6 key points

How it affects those involved

This ruling clarifies that judicial auctions do not automatically exempt transactions from VAT; if the seller is a developer making their first supply of the asset, VAT must be applied.

Lifecycle

2020-01-09PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact