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V2306-24 ·5 November 2024 ·consulta-vinculante Medium impact
Tax

Foundation managing public building undertaking rehabilitation: criteria and passive investment application

A foundation managing a public building for use as a technology innovation centre contracts rehabilitation works and asks what criteria must be met to qualify as such, how the acquisition price is determined for quantitative thresholds, and whether the passive investment under Article 84.1 of the VAT Law applies to all works carried out within a global rehabilitation project. The DGT explains the qualitative and quantitative criteria under Article 20.2.2.b of the VAT Law and confirms that passive investment applies to all works within a global rehabilitation project.

In 7 key points

How it affects those involved

The DGT clarifies that rehabilitation works carried out by a public building foundation qualify under specific qualitative and quantitative criteria under VAT Law Article 20.2.2.b, and that passive investment under Article 84.1 applies to all works within a global rehabilitation project.

Lifecycle

2024-11-05PublishedPublished 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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