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V1247-21 ·6 May 2021 ·consulta-vinculante Medium impact
Tax

Acquisition value of self-built property includes construction costs and declaration expenses

A taxpayer requested guidance on determining the acquisition value of a property built in 1992 that lacks a new build declaration for sale purposes. The Directorate General for Taxes (DGT) stated that the value must include the land cost, construction costs, and the expenses related to the new build declaration.

In 6 key points

How it affects those involved

This ruling clarifies how to calculate the cost basis for self-built properties when selling, ensuring that all necessary administrative costs for legalising the construction are included to correctly determine capital gains.

Lifecycle

2021-05-06PublishedPublished 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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