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V0104-19 16 January 2019 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancia patrimonial

Sale of unurbanised land may be exempt from VAT and IAE, and taxed as capital gains for Income Tax purposes

A taxpayer has requested clarification on the tax treatment (Income Tax, VAT, and IAE) regarding the sale of land within an urban development project. The Directorate General for Taxes (DGT) has ruled that if the land has not been urbanised and is not tied to a real estate development activity, the sale is taxed as a capital gain for Income Tax purposes and is not subject to VAT.

The question raised

Cuestión planteada Tratamiento de las posibles rentas correspondientes a la venta de los terrenos en el IRPF, y tributación de la operación en el IVA y en el Impuesto sobre Actividades Económicas.

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