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V3510-20 ·9 December 2020 ·consulta-vinculante Medium impact
Tax

Sale of developed land may be taxed as business income if classified as inventory

A query was raised regarding whether the sale of land should be taxed as business income or as a capital gain. The DGT indicates that if the land is classified as inventory, its sale generates income from business activities.

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2020-12-09PublishedPublished 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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