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V0159-16 ·19 January 2016 ·consulta-vinculante Medium impact
Tax

Loss of capital cannot be recognised for a overdue credit without meeting legal requirements

The taxpayer asks whether a capital loss can be recorded in 2015 for money paid to a company after one year of judicial proceedings. The tax authority responds that it is not possible because the specific conditions set out in the law for overdue and uncollected credits are not met.

In 6 key points

How it affects those involved

Taxpayers cannot recognise a capital loss for overdue credits unless specific legal conditions are fulfilled.

Lifecycle

2016-01-19PublishedPublished 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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