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V0132-15 ·16 January 2015 ·consulta-vinculante Medium impact
Tax

Impairment of land is deductible if book value exceeds recoverable amount

A company has enquired whether the provision for the impairment of land is a deductible expense for Corporate Tax purposes. The DGT has ruled that it is deductible in the financial year in which it is recognised, provided that the valuation criteria of the General Accounting Plan are met.

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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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