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V0740-24 ·16 April 2024 ·consulta-vinculante Medium impact
Tax

VAT applies to the first delivery of a new home by a developer

An individual enquired whether the purchase of a new home developed by individuals is subject to VAT or Transfer Tax. The DGT ruled that, as it is the first delivery made by the developer, the transaction is subject to VAT.

In 6 key points

How it affects those involved

This ruling clarifies that the first sale of a new property by a developer is subject to VAT rather than Transfer Tax, regardless of whether the developers are individuals.

Lifecycle

2024-04-16PublishedPublished 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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