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V2602-24 ·18 December 2024 ·consulta-vinculante Medium impact
Tax

Right to VAT deduction on land purchase and possibility of requesting a refund of the credit balance

A company has enquired whether it can deduct the VAT incurred on the purchase of a plot of land intended for housing development and whether it can request a refund of the resulting credit balance. The Directorate-General for Taxes (DGT) responds that the transaction is subject to VAT and that the company is entitled to the deduction and to requesting a refund of the excess amount.

In 6 key points

Lifecycle

2024-12-18PublishedPublished 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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