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V5435-16 ·23 December 2016 ·consulta-vinculante Medium impact
Tax

Termination of land swap for future construction does not constitute a transfer of assets for ITP or IIVTNU

A company seeks to partially terminate a land swap agreement for future buildings, replacing the delivery of works with a cash indemnity. The DGT rules that this termination does not constitute a transfer of real estate for ITP or IIVTNU purposes, but requires the rectification of VAT previously charged due to the advance payment.

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2016-12-23PublishedPublished 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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