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V0767-24 ·17 April 2024 ·consulta-vinculante Medium impact
Tax

Presumption of 50% VAT deduction for passenger vehicles under the LIVA

A lawyer inquires about the deductibility under VAT and personal income tax of a tourism vehicle purchased for professional activity. The DGT states that a 50% presumption of application applies under VAT, while under personal income tax, exclusive allocation to the activity is required.

In 6 key points

How it affects those involved

Businesses must ensure correct classification and allocation of tourism vehicles for tax purposes to comply with VAT and IRPF regulations.

Lifecycle

2024-04-17PublishedPublished 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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