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V2340-24 ·12 November 2024 ·consulta-vinculante Medium impact
Tax

Judicial auction property awards may be subject to 10% VAT if they constitute the first supply

A company has requested clarification on whether the award of 11 properties in a mortgage auction and their subsequent sale are subject to VAT. The DGT has ruled that the award constitutes a first supply subject to VAT if the transferor is a business entity and there has been no prior use for two years; the subsequent sale will be considered a second supply and will be exempt.

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2024-11-12PublishedPublished 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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