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V1998-23 ·11 July 2023 ·consulta-vinculante Medium impact
Tax

Revenue from property sales and VAT accrue upon transfer of control or possession to the buyer

A company sought clarification on when to declare revenue from a property sale and the associated real estate commission expense, given that the deed would be signed one year after possession was handed over. The DGT ruled that accrual depends on Corporate Tax accounting standards and on the making available of the property for VAT purposes.

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2023-07-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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