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V0053-15 ·12 January 2015 ·consulta-vinculante Medium impact
Tax

Freedom of depreciation may apply to property renovation if it extends useful life

An associated labour cooperative has enquired whether freedom of depreciation can be applied to the renovation of a residence and what the limit for accelerated depreciation is for small-scale enterprises. The DGT has ruled that freedom of depreciation is applicable if the works extend the useful life of the property and are accounted for as an increase in the value of fixed assets.

In 6 key points

Lifecycle

2015-01-12PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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