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V1350-20 ·11 May 2020 ·consulta-vinculante Medium impact
Tax

Tax depreciation of quarry rural estates is possible following accounting criteria or by justifying the amount

A company inquired whether it could tax-deduct the acquisition cost of rural estates used for stone extraction and whether it could apply accounting criteria based on administrative concessions. The DGT ruled that initial valuation must follow accounting standards and that depreciation is deductible if it complies with the methods set out in the Corporate Income Tax Act or if the taxpayer justifies the amount.

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2020-05-11PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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