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V1422-20 ·14 May 2020 ·consulta-vinculante Medium impact
Tax

Higher deduction for recurring donations and taxation of elevator installation grants

The taxpayer inquires about the deduction for repeated donations and the tax treatment of a grant received for the installation of an elevator. The DGT clarifies that recurring donations allow for a higher deduction percentage and that the grant constitutes a capital gain that must be taxed in the year it is received.

In 6 key points

How it affects those involved

Taxpayers receiving recurring donations may benefit from increased tax relief, while those receiving grants for property improvements must account for them as taxable capital gains.

Lifecycle

2020-05-14PublishedPublished 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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