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V0773-23 ·31 March 2023 ·consulta-vinculante Medium impact
Tax

Special VAT regime for second-hand goods and art applicable to works acquired from private individuals

A company has enquired whether the special VAT regime for second-hand goods, works of art, antiques, and collectors' items can be applied when selling artworks contributed by a partner. The Directorate-General for Taxes (DGT) has ruled that this is possible, provided the works meet the legal definition and were acquired from a person not acting in a business capacity.

In 6 key points

How it affects those involved

This ruling clarifies the eligibility for the special VAT regime when artworks are transferred from partners to companies, provided the original acquisition was from a non-business entity.

Lifecycle

2023-03-31PublishedPublished 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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