Skip to content
V1411-15 ·5 May 2015 ·consulta-vinculante Medium impact
Tax

DGT declines to rule on deductibility of related-party creditor expenses due to lack of standing

A company has requested clarification on whether its related-party creditors can deduct expenses arising from a judicial debt forgiveness, and how the debtor should treat income from debt forgiveness and deferrals. The DGT refused to rule on the creditors' position as they did not submit the consultation, but it did explain the accrual rules for the debtor.

In 6 key points

How it affects those involved

The ruling clarifies the tax treatment of debt forgiveness and deferrals for the debtor, while reinforcing the procedural requirement that interested parties must submit their own consultations to receive a binding ruling.

Lifecycle

2015-05-05PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact