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V4842-16 ·10 November 2016 ·consulta-vinculante Medium impact
Tax

Sale of private movable property is not subject to VAT and generates capital gains or losses for Income Tax

A taxpayer has enquired about the taxation of the sale of a family-owned movable asset via auction. The DGT has ruled that the transaction is not subject to VAT as it is a personal asset, and that capital gains or losses must be calculated for Income Tax purposes.

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2016-11-10PublishedPublished 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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