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V1396-19 ·12 June 2019 ·consulta-vinculante Medium impact
Tax

Sale of a building intended for demolition is subject to 21% VAT rather than the reduced rate

Co-owners are selling a property containing a building that will be demolished by the developer to construct new villas. The DGT has ruled that the transaction is subject to VAT due to the sellers' status as business entities, and the general rate of 21% must be applied.

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Lifecycle

2019-06-12PublishedPublished 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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