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V0275-15 ·23 January 2015 ·consulta-vinculante Medium impact
Tax

Profit reinvestment deduction applicable to both land purchase and warehouse construction

A company has enquired whether it can claim the profit reinvestment deduction (Art. 37 TRLIS) for the purchase of a plot of land intended for the construction of an industrial warehouse. The Directorate General for Taxes (DGT) has ruled that land investment and construction are distinct elements, and both may qualify for the deduction in their respective tax years.

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2015-01-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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