The National High Court determines that real estate promotion is an economic activity for the purposes of corporation tax from preparatory acts

In a recent ruling of 6 November 2024, the Audiencia Nacional has established that real estate promotion must be considered an economic activity for the purposes of the Company Tax from the beginning of the preparatory actions necessary to carry it out, such as obtaining licences and signing contracts, and not from the beginning of the material transformation of the property. The case originated when a promoter company acquired a building in Mad…