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V2412-21 ·14 September 2021 ·consulta-vinculante Medium impact
Tax

Transfer of land in exchange for future construction is subject to VAT, while subsequent sales may be exempt

A real estate company has requested a ruling on the taxation of a land swap for the construction of a building. The DGT has determined that the transfer of the land is a transaction subject to VAT as it constitutes a payment in kind, whereas subsequent sales of the dwellings will be treated as exempt second deliveries.

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2021-09-14PublishedPublished 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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