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V2965-19 ·24 October 2019 ·consulta-vinculante Medium impact
Tax

Exchanging land for buildings to be constructed generates a capital gain or loss

A taxpayer exchanged land for rights over housing to be built, but the developer defaulted, and the taxpayer eventually received cash after renouncing the properties. The DGT states that the exchange constitutes a capital gain or loss and that the subsequent assignment of rights for money is a separate onerous transfer.

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Lifecycle

2019-10-24PublishedPublished 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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