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V2886-19 ·21 October 2019 ·consulta-vinculante Medium impact
Tax

Exchange of rural land for urbanised land may be subject to VAT if exemption is waived

A company acquires rural land and, as payment, will deliver an urbanised plot after bearing the urbanisation costs. The DGT indicates that the delivery of rural land is initially exempt, but may be subject to 21% VAT if the exemption is waived, constituting a payment in kind.

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2019-10-21PublishedPublished 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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