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V1836-23 ·26 June 2023 ·consulta-vinculante Medium impact
Tax

VAT accrual on the supply of goods generally occurs when possession is made available to the purchaser

A real estate leasing company has requested clarification on when VAT should accrue for the sale of garages where possession was transferred in 2009, but the formal deed is only being executed now. The DGT ruled that accrual occurs when the goods are made available to the buyer, unless advance payments have been made.

In 6 key points

How it affects those involved

This ruling clarifies the timing of VAT liability for transactions where physical possession and legal title transfer are decoupled, emphasizing the importance of the moment goods are made available to the buyer.

Lifecycle

2023-06-26PublishedPublished 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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