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V0046-16 ·8 January 2016 ·consulta-vinculante Medium impact
Tax

Sale of urbanised land managed by the municipality constitutes capital gains rather than business income

A landowner has enquired whether the sale of land urbanised at the initiative of the City Council allows for the application of reduction coefficients. The DGT has determined that, as the owner is not engaged in a property development business, the sale constitutes a capital gain.

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2016-01-08PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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