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V1354-21 ·12 May 2021 ·consulta-vinculante Medium impact
Tax

Sale of special purpose vehicle shares may be included in VAT deduction pro rata if part of main activity

A photovoltaic project development company inquired whether the transfer of shares in its special purpose vehicles should be included in its VAT deduction pro rata. The DGT ruled that, as it constitutes an extension of its main activity, the capital gain obtained must be included.

In 6 key points

How it affects those involved

Companies managing special purpose vehicles (SPVs) as part of their core business must account for the sale of these shares when calculating their VAT deduction pro rata, potentially affecting their ability to deduct input VAT.

Lifecycle

2021-05-12PublishedPublished 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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