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V3787-16 ·8 September 2016 ·consulta-vinculante Medium impact
Tax

Payment of outstanding capital in a leasing agreement following a total loss may be subject to VAT

A taxpayer has enquired whether the payment of the remaining capital in a leasing contract, following a total loss of the vehicle, is subject to VAT. The DGT has ruled that such payment corresponds to debts incurred through the acquisition of the vehicle and is, therefore, subject to the tax.

In 6 key points

Lifecycle

2016-09-08PublishedPublished 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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