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V2414-21 ·16 September 2021 ·consulta-vinculante Medium impact
Tax

Creation of life annuities in exchange for bare ownership is exempt from VAT

An entity has requested a ruling on whether the creation of life annuities through the acquisition of the bare ownership of real estate is subject to VAT. The DGT has responded that while it is a taxable supply of services, it is exempt as it constitutes a capitalisation operation.

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2021-09-16PublishedPublished 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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