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V2660-18 ·2 October 2018 ·consulta-vinculante Medium impact
Tax

In a rural property exchange, each party is taxed on the value of the property acquired

A taxpayer has enquired about the taxation of a rural property exchange and the value that must be declared. The DGT explains that an exchange involves two transfers, which may be subject to VAT or Stamp Duty depending on the status of the parties involved.

In 6 key points

How it affects those involved

This ruling clarifies the dual nature of property exchanges as two simultaneous transfers, determining whether VAT or Stamp Duty applies based on the parties' legal status and the valuation method used.

Lifecycle

2018-10-02PublishedPublished 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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