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V0437-22 ·7 March 2022 ·consulta-vinculante Medium impact
Tax

Impairment losses on loans to related parties are only deductible if liquidation proceedings have commenced

A query was raised regarding whether insolvency proceedings due to insufficient assets allow for the deduction of losses on loans to a related entity. The DGT ruled that if the liquidation phase has not been opened, the loss is not deductible, even if the insolvency of the debtor allows for the accounting write-off of the credit.

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2022-03-07PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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