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V0503-14 ·25 February 2014 ·consulta-vinculante Medium impact
Tax

Authorities may waive VPO tax exemptions if developments become unviable due to force majeure

A developer sought clarification on whether they must pay unpaid taxes following VPO (social housing) exemptions that were not utilised because the project became unviable. The DGT indicates that, as these are provisional exemptions, the tax office will decide whether regularisation is required based on the evidence of force majeure provided.

In 6 key points

How it affects those involved

Developers facing project cancellations due to unforeseen circumstances may avoid tax penalties if they can prove force majeure to justify the non-use of social housing exemptions.

Lifecycle

2014-02-25PublishedPublished 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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