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V0204-20 ·31 January 2020 ·consulta-vinculante Medium impact
Tax

Rental income from storage units and garages by a business association is subject to Corporation Tax and VAT

A business association has enquired whether it can rent out storage units and garages and how to declare such income. The DGT has ruled that if the activity is deemed an economic activity, the income will be subject to Corporation Tax and VAT.

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2020-01-31PublishedPublished 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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