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V2508-20 ·22 July 2020 ·consulta-vinculante Medium impact
Tax

Purchasing a garage space after acquiring a property is subject to 21% VAT

A taxpayer inquired about the VAT rate applicable to the purchase of a garage space in the same building where they already own a residence. The DGT ruled that, as the transaction is not a joint and simultaneous transfer with the property, the reduced rate does not apply.

In 5 key points

How it affects those involved

This ruling clarifies that garage spaces purchased separately from a residential property are subject to the standard VAT rate rather than the reduced rate.

Lifecycle

2020-07-22PublishedPublished 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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