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V0464-20 ·26 February 2020 ·consulta-vinculante Medium impact
Tax

10% tax rate on new property purchase depends on residential suitability

A professional enquires whether buying a new property for use as an office is exempt from VAT and what rate applies. The DGT clarifies that the first delivery from the developer is subject to VAT, and the 10% rate depends on the property's residential suitability, regardless of its future use.

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2020-02-26PublishedPublished 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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