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V0140-20 ·21 January 2020 ·consulta-vinculante Medium impact
Tax

Transfer of industrial property rights without organisational structure is subject to VAT

A company in liquidation enquired whether the transfer of its industrial property and collection rights was exempt from VAT as they were its sole assets. The DGT has ruled that, as the company lacks an organisational structure of production factors, the transaction constitutes a mere transfer of rights subject to tax.

In 6 key points

How it affects those involved

This ruling clarifies that the transfer of assets by a company in liquidation is only exempt from VAT if it constitutes a transfer of a business undertaking. Without an organised structure, it is treated as a taxable sale of rights.

Lifecycle

2020-01-21PublishedPublished 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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