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V3941-16 ·20 September 2016 ·consulta-vinculante Medium impact
Tax

VAT reduction from 10% to 4% on property deliveries possible if specific requirements are met

A taxpayer inquired whether it is possible to rectify VAT amounts previously applied at 10% to instead apply the 4% rate. The DGT ruled that this is permissible if the purchaser is an entity under a special leasing regime and meets the requirements set out in the Corporate Tax Act.

In 6 key points

How it affects those involved

This ruling provides clarity for entities operating under special leasing regimes regarding their ability to correct VAT rates on property transactions, potentially leading to significant tax adjustments.

Lifecycle

2016-09-20PublishedPublished 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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