Specialization in the taxation of real estate companies. Tax implications of the development of different phases in real estate: land (urbanization, urban interest groups, real estate developers), property under construction (construction financing, construction certificates and payments, participants in the construction process), finished construction (delivery of the property and accessory items, unsold properties), property owners. Other special tax regimes (public housing, housing cooperatives, joint ventures, etc.).
This course enables students to acquire the knowledge and skills necessary for the practical application of the tax specialties regarding the real estate sector, achieving the necessary specialization in taxation in order to properly perform the professional exercise.
Competencies and learning outcomes
- Ability to analyze, select, and synthesize information and relevant legal and tax sources for solving problems, forming action strategies, and advising clients.
- Capacity to fully handle all portions relating to the legal and tax field, nationally and internationally.
- Capacity to manage complex and varied data sets and other tax information.
- Ability to identify, interpret, and solve highly complex problems within the tax area.
- Capacity to know how to act in situations that can, at any moment, arise in various complex tax scenarios.
- Ability to argue with sound and reasoned criteria, when resolving tax problems advanced in nature.
- Capability of developing a reasoned critical sense about tax regulations and practices.
- Ability to integrate ethical and socially responsible behavior in professional activities.
- Capacity to work in professional and multidisciplinary teams effectively and efficiently, reproducing actual contexts and contributing and coordinating own knowledge with other branches of knowledge.
- Capability to make individual decisions and actively participate in collective decision-making.
- Capability of applying acquired tax knowledge and methodologies for resolving unforeseen situations in professional practice, foresee and minimize potential problems, and anticipate solutions in the field of tax advice.
- Ability to integrate and interrelate knowledge and confront the complexity of formulating judgments with incomplete or limited information on taxation.
- Capacity to communicate conclusions from professional advisory activities, as well as final reasons and rationale that support them, to specialized and non-specialized groups in a clear and unambiguous manner.
- Capacity to direct, follow and resolve any tax matter, achieving professional excellence in actions.
- Continuous learning capability that will allow for further study in an autonomous or self-directed manner.
- Demonstrate advanced theoretical and practical knowledge of the Spanish tax system, and the relationships existing between the taxes that comprise it.
- Capacity for solving conflictive situations arising from the multitude of sources within the tax system (community, national, regional, and local) with professional excellence.
- Capability to advise skillfully on tax obligations about compliance with different formal duties deriving from the applications of taxes.
- Capability of achieving a high degree of specialization in applying taxes from economic activities developed by persons or entities on a national level.
- Ability to identify and resolve very complex tax problems and questions that may originate in a business as a consequence of carrying our economic operations on a community or international level.
- Capacity to evaluate the effect of tax incentives for a business and to select the most adequate business strategy for each case.
- Ability to design complex tax planning operations that permit developing the most advantageous tax options within professional and personal areas.
- Capability to advise taxpayers in a qualified manner regarding the most advantageous territorial locations for their personal and business assets from a taxation point of view.
- Ability to evaluate the tax burden on the company, taking into account not only the payment of taxes, but also all other indirect taxation costs.
- Capacity to delve deeper into advanced practical aspects about taxing non-resident entities and legal persons who carry out economic activities or perform other types of investment within Spanish territory.
- Capacity to identify and apply sectoral adaptation of the General Accounting Plan and evaluate its effect on the taxation of determined economic sectors.
Objectives (Learning outcomes)
- Students will be able to identify the tax implications related to financial and accounting issues arising from real estate operations.
- Students will be able to comply with the material and formal obligations related to taxes in the national, autonomous and local tax system that would be applicable to real estate companies during the whole process of urbanisation and construction.
- Students will be able to apply the coordination rules between the Value Added Tax and the Transfer Tax and Stamp Duty specifically in the real estate sector.
- Students will be able to solve the problems that could arise from the tax regime applicable to the different agents intervening in the urbanisation process.
- Students will be able to offer comprehensive and specialised tax consultancy in all of the stages of the construction process.
- Students will be able to solve any tax problems arising from real estate leasing both related to direct and indirect taxation.
- Students will be able to apply the specific tax regimes for the agents that intervene in the real estate activity (housing cooperatives, self-promoting joint ownerships, joint ventures, etc.).
- Arnáiz Arnáiz, Toedoro. "Fiscalidad práctica 2016 : Impuesto sobre el valor añadido". [Valladolid] Lex Nova 2016.
- Calvo Vérgez, Juan. "Fiscalidad de inversión inmobiliaria en el impuesto sobre sociedades [recurso electronico] regímenes especiales". Barcelona J.M. Bosch Editor 2010.
- Hucha Celador, F. de la/Lopez Lopez, Hugo/Martinez Caballero, Ramon/Escribano López, Eva/Ollo López, Iris Meritxell/Otalora Anaut, Andrea C. "Practicum Fiscal 2018". Pamplona Lex Nova-Thomson Reuters 2018.
- Juárez González, Javier Máximo. "Todo transmisiones 2017". Madrid Ciss 2016.
- Mellado Benavente, Francisco M. "Todo IVA 2016". Valencia CISS 2015.
- Sanchez Gallardo, Francisco Javier. Pérez-Fadón Martínez, Javier / Romero Hinjos, Luís Javier. "La tributación de la operaciones inmobiliarias IVA e ITPAJD". Bilbao Ciss 2007.
- Valdivieso Fontán, Manuel J. "La fiscalidad del urbanismo e inmobiliaria : imposición directa e indirecta, tributación local y otras exacciones urbanísticas ". Granada Comares 2006.
- Vicente de la Casa, Fernándo de. "La concurrencia y articulación de los impuestos locales con otros tributos del sistema fiscal Español". Pamplona Lex Nova; Thomson Reuters 2014.
Methodology and grading
- Case studies: Learning through the analysis of actual or simulated cases in order to interpret and resolve them by employing various alternative solution procedures.
- Lecture: Pass on knowledge and activate cognitive processes in students, encouraging their participation.
- Solving exercises and problems: Exercise, test, and apply previous knowledge through routine repetition.
- The evaluation system of the course has a double order of items: a) continuous assessment and b) on site examination of the student, both aspects being weighted at 50% each:
A. 50% for continuous assessment of the student is obtained taking into account the following criteria assessment and weighting percentages and can thus assess the degree and process of acquiring the necessary knowledge students and the different skills and competencies required:
a) 30% of the grade will come from the completion of questionnaires and other case studies (views, simulation activities, etc.) made in the classroom teaching as well as their level of participation and interest shown in the contact sessions imparted.
b) The degree of participation of each student in seminars, workshops, public exhibitions and developed throughout the semester papers will be quantified at most by 20% of the continuous assessment mark.
B. In the one site examination, the student, using the current legal instruments and applying the acquired knowledge to study the subject, will respond to theoretical issues and practical cases that arise pertaining to the program of the respective course.