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V0246-17 ·31 January 2017 ·consulta-vinculante Medium impact
Tax

Loss on credit transfer is tax-deductible if included in accounting profit

An entity has requested clarification on whether the loss incurred from transferring a subordinated credit from an entity in insolvency proceedings is tax-deductible. The Directorate General for Taxes (DGT) ruled that, in the absence of specific regulations, the accounting profit must be followed.

In 6 key points

How it affects those involved

This ruling confirms that the tax treatment of credit transfer losses is tied to accounting recognition rather than being subject to separate tax rules.

Lifecycle

2017-01-31PublishedPublished 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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