Back to index
V2179-14 6 August 2014 · SG de Impuestos sobre el Consumo Criterion in force
IVA · régimen especial de bienes usados

Purchase price under the second-hand goods scheme excludes subsequent repairs or spare parts

An association has enquired whether vehicle reconditioning costs can be added to the purchase price when calculating the profit margin under the special scheme. The DGT has ruled that these costs do not form part of the purchase price, although they may be deducted as incurred VAT.

The question raised

Deduction of the Value Added Tax amounts incurred by said conditioning operations.

The DGT's ruling

Under the special regime for used goods, the purchase price is the total amount of consideration paid for the acquisition of the good, excluding repairs, materials, or spare parts incorporated subsequently. However, resellers may deduct the VAT amounts incurred from the acquisition of such services, materials, or spare parts, provided that their cost has not been included in the calculation of the profit margin.

Book your free first meeting