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V1913-21 ·18 June 2021 ·consulta-vinculante Medium impact
Tax

Property deliveries after renovation not considered first delivery and do not allow IVA deduction

A developer inquired whether converting offices into homes for sale constitutes a first delivery and whether IVA deduction on renovations is possible. The DGT determines that, as the property was used for more than two years, the sale constitutes a second or subsequent delivery exempt from tax, thus preventing IVA deduction on the works.

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2021-06-18PublishedPublished 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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