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V3252-16 ·12 July 2016 ·consulta-vinculante Medium impact
Tax

Reversion of assets via administrative concession resolution is subject to VAT and may be exempt

A query was raised regarding whether the transfer of port and parking assets to the Administration, following the termination of a concession contract in insolvency proceedings, is subject to VAT or Transfer Tax (ITP). The DGT determines that the operation constitutes a supply of goods subject to VAT, although the exemption for the second supply of buildings may apply.

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2016-07-12PublishedPublished 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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