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V0769-14 ·19 March 2014 ·consulta-vinculante Medium impact
Tax

Revenue from the sale of goods must be recognised in the period when risks and rewards are transferred

A company sought guidance on how to declare the sale of two commercial premises carried out in 2012, which became subject to subsequent litigation. The DGT determines that the income must be recognised in the financial year in which ownership is transferred, and outlines how to treat deferred payments and accounting errors.

In 6 key points

Lifecycle

2014-03-19PublishedPublished 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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