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V0373-15 ·2 February 2015 ·consulta-vinculante Medium impact
Tax

End of activity in Canary Islands triggers RIC deduction reinstatement

A doctor in the Canary Islands asks what happens to their Canary Investment Reserve (RIC) if they cease activity by moving abroad. The DGT responds that closing activity breaches the requirements for investment materialisation and maintenance.

In 6 key points

How it affects those involved

The cessation of professional activity in the Canary Islands results in the loss of RIC investment status, requiring the reinstatement of the deduction.

Lifecycle

2015-02-02PublishedPublished 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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