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V0570-19 ·15 March 2019 ·consulta-vinculante Medium impact
Tax

Revenue from mooring rights transfers is recognised based on the accounting accrual of the transaction

An entity sought guidance on the timing of revenue recognition for the transfer of mooring rights within a port concession. The DGT ruled that recognition must comply with the accounting standards applicable to the specific type of contract.

In 6 key points

How it affects those involved

This ruling clarifies that the timing of revenue recognition for port mooring rights depends on whether the arrangement is classified as an operating or finance lease under applicable accounting frameworks.

Lifecycle

2019-03-15PublishedPublished 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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