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V2716-14 ·10 October 2014 ·consulta-vinculante Medium impact
Tax

Adjudicatary of a land plot in foreclosure is liable for VAT on investment

A company asked whether acquiring a land plot through foreclosure constitutes an investment by the liable party. The DGT states that, as the land is buildable, the transaction is subject to VAT and the adjudicatary is the liable party.

In 6 key points

How it affects those involved

The acquisition of buildable land via foreclosure triggers VAT liability on the adjudicatary.

Lifecycle

2014-10-10PublishedPublished 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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