Title XIII: Derogations

Chapter 1: Derogations applying until the adoption of definitive arrangements

Section 3: Provisions common to Sections 1 and 2

Article 392

Member States may provide that, in respect of the supply of buildings and building land purchased for the purpose of resale by a taxable person for whom the VAT on the purchase was not deductible, the taxable amount shall be the difference between the selling price and the purchase price.