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V2887-17 ·13 November 2017 ·consulta-vinculante Medium impact
Tax

Termination of land swap for future construction allows VAT rectification via credit note

The query examines the VAT and Transfer Tax (ITP/AJD) treatment following the termination of a land swap agreement for future buildings. The DGT determines that the return of the land does not constitute a new supply, but rather a rectification of the original transaction, and analyses the ITP/AJD taxation based on the nature of the restitution.

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2017-11-13PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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