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V0764-23 ·29 March 2023 ·consulta-vinculante Medium impact
Tax

Investments in leased premises meeting the definition of an asset must be capitalised and depreciated

A query was raised regarding the accounting treatment of refurbishment works in a premises leased for five years. The DGT ruled that if the investments are not separable from the asset and meet the definition of an asset, they must be recorded as property, plant and equipment and depreciated over their useful life.

In 6 key points

Lifecycle

2023-03-29PublishedPublished 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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