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V0190-14 ·28 January 2014 ·consulta-vinculante Medium impact
Tax

To maintain the Canary Investment Reserve, damaged assets must be replaced before the self-liquidation deadline

A company asks about the timeframe to replace assets lost to fire to preserve the Canary Investment Reserve (RIC) and how to account for insurance compensation. The DGT replies that replacement must take place before the deadline for submitting the self-liquidation for the insurance claim.

In 6 key points

How it affects those involved

Companies must replace assets lost due to fire before the self-liquidation deadline to preserve the Canary Investment Reserve (RIC), and insurance compensation must be properly accounted for in the financial statements.

Lifecycle

2014-01-28PublishedPublished 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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