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V5396-16 ·21 December 2016 ·consulta-vinculante Medium impact
Tax

Termination of a land swap for future construction does not constitute a new supply of goods for VAT purposes

A company has requested clarification on the VAT and Property Transfer Tax (ITPAJD) implications following the termination of a land swap agreement for future construction due to a bankruptcy proceeding. The DGT ruled that for VAT, the original transaction must be rectified, whereas for ITPAJD, the refund depends on whether the termination is court-ordered or by mutual agreement.

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2016-12-21PublishedPublished 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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