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V0100-24 ·15 February 2024 ·consulta-vinculante Medium impact
Tax

Sale of a plot of land may be exempt from VAT if carried out as private asset management

A company specialising in property leasing has enquired whether the sale of an urban plot, acquired in 2006 and never used for its business activities, is subject to VAT. The Directorate-General for Taxes (DGT) has ruled that if the sale is conducted as private asset management rather than within the scope of economic activity, it is not subject to the tax.

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2024-02-15PublishedPublished 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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