Skip to content
V0793-22 ·11 April 2022 ·consulta-vinculante Medium impact
Tax

Sale of a horse following training is classified as livestock farming rather than livestock trading

An animal trainer has enquired whether purchasing a horse for training and subsequent resale years later should be taxed as livestock trading. The Directorate General for Taxes (DGT) has ruled that the activity constitutes livestock farming, and its treatment under Personal Income Tax (IRPF) will depend on whether the requirements for an economic activity are met.

In 6 key points

Lifecycle

2022-04-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact