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V0123-17 ·23 January 2017 ·consulta-vinculante Medium impact
Tax

Acquiring a warehouse or garage may qualify for RIC, provided it meets asset allocation requirements and is not land

The taxpayer asks whether purchasing a warehouse or garage (including second-hand property) qualifies for the Canary Islands Investment Reserve (RIC). The Directorate General for Taxes (DGT) states that the investment is eligible as long as the assets are allocated to the business activity and do not constitute land. Furthermore, it clarifies that used properties are valid provided they have not previously benefited from the tax relief.

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2017-01-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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