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V1019-23 ·25 April 2023 ·consulta-vinculante Medium impact
Tax

Transfer of a buildable plot is VAT liable and subject passive investment exemption does not apply

A community of property acting as a developer inquired whether the sale of a plot resulting from a parceling operation was subject to VAT and whether the passive investment rule applied due to urbanistic encumbrances. The DGT determines that the transaction is subject to VAT as it involves a buildable land and that the passive investment rule does not apply.

In 6 key points

Lifecycle

2023-04-25PublishedPublished 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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