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V3192-18 ·14 December 2018 ·consulta-vinculante Medium impact
Tax

De-designation of common areas and creation of storage rooms subject to Documented Legal Acts and potentially ITP or Gift Tax

A homeowners' association has requested clarification on the taxes due when converting a common sports area into 25 storage rooms linked to individual dwellings. The Directorate-General for Tax (DGT) has ruled that most of these acts are subject to the variable rate of Documented Legal Acts (AJD), and that the allocation of land shares constitutes a transfer subject to Transfer Tax (ITP) or Gift Tax.

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2018-12-14PublishedPublished 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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