The sale of land together with an old building is exempt from VAT as the sale of an old building, even if the parties have the common goal to demolish it and erect a new building there. This is determined in particular by the fact that the object of the supply is a fully operational…...

The concept of first settlement cannot mean the performance of a taxable activity. And the threshold of 30% of value for the improvement of buildings should have a specific meaning determined by the VAT Directive…. This content is for Full Membership members only. Want to read background, core of the problem, conclusion and more? Sign...