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V0186-23 ·7 February 2023 ·consulta-vinculante Medium impact
Tax

Self-produced breeding livestock valued at production cost

A livestock farmer asks how to value breeding livestock produced on their own farm. The DGT rules that the production cost criterion must be applied and that this value shall be considered business income.

In 6 key points

How it affects those involved

This ruling clarifies the accounting treatment for self-produced biological assets, ensuring that the production cost is correctly recognised as revenue for tax purposes.

Lifecycle

2023-02-07PublishedPublished 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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