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V1560-20 ·22 May 2020 ·consulta-vinculante Medium impact
Tax

Modification of horizontal division and declaration of new works are subject to fixed and variable Stamp Duty rates

A community of owners sought clarification regarding the taxation of a modification to the horizontal division intended to include storage rooms not linked to specific flats. The Directorate General for Tax (DGT) ruled that these operations are subject to the variable rate under the Stamp Duty (AJD) modality.

In 6 key points

How it affects those involved

This ruling clarifies that changes to the horizontal division of a property, such as the creation of independent storage units, trigger Stamp Duty obligations based on the variable rate, affecting the tax liability of the parties involved in the notary deed.

Lifecycle

2020-05-22PublishedPublished 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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