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V1803-20 ·8 June 2020 ·consulta-vinculante Medium impact
Tax

Isolated purchase of basic payment rights is subject to VAT at the standard rate of 21%

A lessor of rural land has enquired whether the purchase of basic payment rights from a tenant upon the expiry of a lease is subject to VAT or to Transfer Tax (ITP/AJD). The Directorate General for Taxes (DGT) has ruled that, when carried out in isolation and where the transaction is not exempt, the transfer of rights is subject to VAT.

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2020-06-08PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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