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V0988-24 ·10 May 2024 ·consulta-vinculante Medium impact
Tax

Losses from uncollected credits in bankruptcy are attributable to the tax year in which the procedure ends

The DGT confirms that losses from unrecouped investments after a bankruptcy procedure end are attributable to the tax year in which the procedure concludes, regardless of whether the credit has been settled.

In 6 key points

How it affects those involved

Taxpayers may now recognise losses from uncollected credits in the tax year when bankruptcy concludes, without needing to wait for credit recovery.

Lifecycle

2024-05-10PublishedPublished 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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