Summary: The DGT (Spanish Tax Agency) provides guidance on the VAT implications of selling refurbished storage units. The consultation addresses whether the sale qualifies as a first delivery of a rehabilitated building subject to VAT or a subsequent delivery subject to transfer tax. It explains that if the refurbishment meets the criteria for rehabilitation, the sale is considered a first delivery and subject to VAT. Otherwise, it is considered a subsequent delivery and exempt from VAT, but subject to transfer tax. The consultation clarifies the tax treatment based on the specific circumstances of the case.
Source: audiconsultores-etlglobal.com
Latest Posts in "Spain"
- New Revision 1.20 of AES Export Declaration Guide Published for Enhanced Customs Communication
- Briefing document & Podcast: E-Invoicing in Spain
- EU Regulation 2025/1728 Amends Origin Proof Procedures, Extends PEM Convention Rules Retroactively
- Spain’s E-Invoicing Mandate Explained: Key Dates, Requirements, and How to Prepare
- Briefing document: Spain’s VeriFactu Verified Billing System
