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V0860-17 ·6 April 2017 ·consulta-vinculante Medium impact
Tax

Transfer of property for tourist accommodation is subject to VAT and pending grants must be recognised as income

The taxpayer inquires about the VAT treatment regarding the transfer of a rural house to her son and the Income Tax (IRPF) treatment of a pending capital grant. The DGT rules that the transfer is subject to VAT as it does not constitute an autonomous economic unit, and that the grant must be recognised as income in the tax year of the transfer.

In 6 key points

How it affects those involved

This ruling clarifies the VAT implications for property transfers used for tourism and the timing for recognising capital grants for tax purposes.

Lifecycle

2017-04-06PublishedPublished 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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