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V1167-22 ·26 May 2022 ·consulta-vinculante Medium impact
Tax

Olive groves may be depreciated under the objective estimation method for Personal Income Tax

A taxpayer inquired whether depreciation could be applied to an olive grove plantation to determine its net yield. The Directorate General of Taxes (DGT) confirmed that this is possible by following the coefficients and rules set out in the objective estimation regulations.

In 6 key points

How it affects those involved

This clarification confirms that taxpayers using the objective estimation method for agricultural activities can account for the depreciation of olive groves, ensuring consistency with the rules for tangible fixed assets.

Lifecycle

2022-05-26PublishedPublished 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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