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V1359-17 ·2 June 2017 ·consulta-vinculante Medium impact
Tax

Tangible fixed assets acquired by donation may be depreciated by subrogating the donor's values

A query was raised regarding whether depreciation can be claimed for assets acquired through donation and whether accounting registration is required. The Directorate General for Taxes (DGT) ruled that such assets may be depreciated and that the donee subrogates into the donor's original acquisition values and dates.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of donated assets, confirming that taxpayers can continue the depreciation process using the historical costs and acquisition dates established by the previous owner.

Lifecycle

2017-06-02PublishedPublished 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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