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V1493-21 ·21 May 2021 ·consulta-vinculante Medium impact
Tax

Tax benefits for contributions to protected assets apply in the tax year the contribution is made

A query was raised regarding which tax year should be used to claim tax benefits for contributions to a protected asset for a person with a disability if the public deed is executed the following year. The Directorate General for Taxes (DGT) ruled that the benefits apply in the tax year in which the contribution was actually made, provided all legal requirements are met.

In 6 key points

How it affects those involved

This ruling provides legal certainty for taxpayers regarding the timing of tax deductions related to protected assets, confirming that the actual transfer of funds determines the tax year, regardless of when the formal public deed is signed.

Lifecycle

2021-05-21PublishedPublished 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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