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V3028-21 ·3 December 2021 ·consulta-vinculante Medium impact
Tax

Construction costs in self-build projects must be substantiated by the taxpayer

A query was raised regarding the acquisition value to be used when calculating capital gains or losses for a property built in 2004 without construction invoices. The DGT indicates that the acquisition value includes construction costs, provided these are substantiated by the interested party.

In 5 key points

How it affects those involved

Taxpayers undertaking self-build projects must ensure they possess sufficient evidence to justify construction costs if they wish to include them in the acquisition value for capital gains tax purposes.

Lifecycle

2021-12-03PublishedPublished 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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