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V0058-19 ·4 January 2019 ·consulta-vinculante Medium impact
Tax

Handover of dwellings following renovation may be subject to VAT and allow for tax deductions

A company has enquired whether the purchase of a building for renovation and its subsequent sale as dwellings is exempt from VAT, or if the tax paid on works can be deducted. The DGT clarifies that if the works qualify as a renovation, the sale will constitute a first supply subject to VAT, thereby allowing for the deduction of input tax.

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2019-01-04PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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