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V2011-25 ·28 October 2025 ·consulta-vinculante Medium impact
Tax

The transfer of buildings under construction and their plot is subject to the general VAT rate of 21%

The DGT confirms that a property under construction is subject to the standard 21% VAT rate, as the building is not yet completed, and thus the reduced 10% rate or second delivery exemption does not apply.

In 6 key points

How it affects those involved

The VAT rate on unfinished construction properties reverts to the standard 21% rate, affecting both the property and its land.

Lifecycle

2025-10-28PublishedPublished 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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