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VAT Exemption on Sale of Industrial Buildings for Residential Redevelopment Under PERI Plan

  • The transfer of industrial warehouses in an area being converted to residential use through an Interior Reform Plan (PERI) is discussed.
  • The warehouses will be demolished, and the area will undergo complete urban restructuring, including new roads, open spaces, and facilities.
  • The buyer will carry out the demolition and new urbanization works to make the land buildable again.
  • The VAT exemption in Article 20.One.20º LIVA applies to the transfer of land with buildings destined for demolition if a new urbanization process is required for the land to regain buildable status.

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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