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V0130-15 ·16 January 2015 ·consulta-vinculante Medium impact
Tax

Difference between book and tax value of holdings included in taxable base upon transfer

A holding company asks whether an impairment of holdings that was not previously deducted will be deductible upon the sale of the shares. The DGT rules that this difference shall be included in the taxable base during the period in which the transfer occurs.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of unrecognised impairments, ensuring that the discrepancy between accounting and tax values is reconciled and taxed at the time of disposal.

Lifecycle

2015-01-16PublishedPublished 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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