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V2924-19 23 October 2019 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · valor de adquisición

Acquisition value in self-build projects includes the cost of certified construction works

A query was raised regarding how to calculate the acquisition value of a property built through self-promotion on previously owned land. The DGT ruled that the value comprises the cost of the land, the construction works, and the expenses inherent to the acquisition.

The question raised

Calculation of the acquisition value.

The DGT's ruling

In cases of direct execution of construction works, the acquisition value is the sum of the amount of the land, the cost of the construction works, and the expenses and taxes inherent to the acquisition. The cost of the construction works in cases of self-promotion must be substantiated by the taxpayer through any means of proof valid under law.

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