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V0487-16 ·8 February 2016 ·consulta-vinculante Medium impact
Tax

Resolution of land exchange due to breach allows for ITP refund and VAT rectification

Siblings seek to rescind a land exchange agreement due to a breach of contract by a company that failed to construct the promised building. The DGT analyses the taxation implications regarding ITP/AJD, VAT, and Personal Income Tax (IRPF) following this resolution.

In 6 key points

Lifecycle

2016-02-08PublishedPublished 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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