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V1810-16 ·22 April 2016 ·consulta-vinculante Medium impact
Tax

Special scheme for second-hand goods applicable to clothing and furniture resale upon filing activity commencement declaration

An entity has queried whether the special scheme for second-hand goods can be applied to the resale of clothing and furniture received free of charge or purchased from professionals. The DGT confirms this is possible provided a declaration of commencement of activity has been filed, and details the rules regarding taxable base, invoicing, and deductions.

In 6 key points

How it affects those involved

Businesses reselling second-hand items such as clothing and furniture can benefit from simplified VAT accounting under the special scheme, provided they have formally declared the start of their activity.

Lifecycle

2016-04-22PublishedPublished 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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