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Transfer of building land: is subject to VAT

The building complex under construction, whose works were interrupted during construction and which has since been abandoned and is still registered as land, must be considered, for VAT purposes, as building land. An area is considered buildable even before the conclusion of the procedure for the approval of the general urban planning instrument, provided that said urban planning document has been adopted by the Municipality. It follows that the transfer involving building land will be subject to VAT.

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