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V2401-22 ·18 November 2022 ·consulta-vinculante Medium impact
Tax

Economic compensation for excess allocation in the dissolution of joint ownership is subject to VAT

An association and another entity wish to dissolve a joint ownership of urban land, resulting in an excess allocation for one of them that must be compensated with cash. The DGT determines that this transfer of a building plot in exchange for money is a transaction subject to VAT.

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2022-11-18PublishedPublished 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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