Construction company acquired plots without VAT invoice, raising questions about tax deduction eligibility.
Transaction Details
A construction company acquired several plots through a notarial deed transaction. The properties were covered by a local spatial development plan that permits single-family housing development.
The sellers had previously divided the land, equipped the plots with utilities, and separated access roads.
Tax Implications
The sellers failed to issue a VAT invoice for the transaction. This raises questions about the company’s ability to claim VAT deductions for the purchase.