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V2246-14 ·2 September 2014 ·consulta-vinculante Medium impact
Tax

VAT treatment in sales contract rescission and mortgage foreclosures

A company has requested clarification on the VAT treatment regarding the potential rescission of a real estate sale or a mortgage foreclosure due to non-payment. The DGT ruled that rescission requires the issuance of credit notes, while a mortgage foreclosure within insolvency proceedings may be subject to VAT under the reverse charge mechanism.

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2014-09-02PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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