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V0466-23 ·1 March 2023 ·consulta-vinculante Medium impact
Tax

Depreciation of olive groves and deductibility of self-employed contributions in direct and objective tax regimes

The taxpayer inquires about the depreciation of an inherited olive grove and whether Social Security contributions can be deducted under the direct or objective tax regimes. The Directorate General for Taxes (DGT) rules that olive groves are depreciable and that self-employed contributions are deductible under the direct regime, but not under the objective regime.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of agricultural assets and the limitations on deducting social security costs depending on the chosen taxation method.

Lifecycle

2023-03-01PublishedPublished 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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