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V2303-22 31 October 2022 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · atribución de rentas

Sale of a penthouse built by a homeowners' association generates income from economic activities

A member of a homeowners' association has enquired whether the sale of a penthouse, constructed to fund the building's renovation, is taxable as income from an economic activity. The Directorate General for Taxes (DGT) has ruled that real estate development constitutes an economic activity and that the sale of the property generates income from said activity, regardless of how the proceeds are used.

The question raised

Cuestión planteada Tributación de dicha venta, teniendo en cuenta que el importe de la venta se va a destinar a la rehabilitación y reparación del edificio.

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