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V3430-19 13 December 2019 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · valor de adquisición

The acquisition value of a dwelling built by the taxpayer includes the cost of the land and the construction works

A taxpayer asks how to calculate the acquisition value of a dwelling built by themselves on land acquired in 1992. The DGT indicates that the value is composed of the cost of the land, the cost of the works, and the expenses and taxes inherent to the acquisition.

The question raised

Question posed: Calculation of the acquisition value.

The DGT's ruling

In the direct execution of construction works, the acquisition value is the sum of the amount of the land, the amount of the works, and the expenses and taxes inherent to the acquisition, excluding interest. The acquisition date of the building is the date of completion of the works, which must be proven by the taxpayer. If the completion date cannot be proven, the date of the deed of declaration of new work shall be taken.

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