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V1219-22 ·31 May 2022 ·consulta-vinculante Medium impact
Tax

The acquisition date of a building is the date of completion of works if it can be proven

The taxpayer asks how to determine the value and acquisition date of land and its warehouses for Personal Income Tax (IRPF) purposes. The DGT rules that the land retains its original acquisition date, whereas the building's acquisition date is the date the works were completed, provided this can be substantiated.

In 6 key points

How it affects those involved

This ruling clarifies the distinction between land and construction for tax purposes, affecting the calculation of capital gains and the determination of acquisition costs.

Lifecycle

2022-05-31PublishedPublished 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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