Parking Lot Sale: No VAT, Subject to Transfer Tax When Business Activity Continues

• The transfer of a parking facility, including equipment and staff, to a company is not subject to VAT if it constitutes an autonomous economic unit.
• The transaction is subject to the Transfer Tax (TPO) for the real estate component.
• The joint transfer allows for the immediate continuation of the business activity, justifying the VAT exemption and application of the TPO.

Source: allyon-etl.es

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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