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V0212-20 ·31 January 2020 ·consulta-vinculante Medium impact
Tax

VAT exemption does not apply if existing buildings on the land are to be demolished

A local council has enquired whether the sale of a rural plot containing a warehouse and a small building is exempt from VAT. The Directorate General for Taxes (DGT) has ruled that the exemption does not apply if the buildings are transferred for the purpose of demolition to make way for a new urban development.

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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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