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V2218-21 ·2 August 2021 ·consulta-vinculante Medium impact
Tax

Sale of developed land via a fiduciary Compensation Board generates capital gains or losses

Consultants inquired about the taxation of proceeds from land being developed through a Compensation Board. The DGT ruled that, provided there is no real estate development business activity, the sale generates capital gains or losses to be included in the savings tax base.

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2021-08-02PublishedPublished 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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