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V1504-22 ·23 June 2022 ·consulta-vinculante Medium impact
Tax

Voluntary revaluation of real estate has no tax effects for Corporate Income Tax

A company has requested clarification on whether the voluntary revaluation of its real estate assets against reserves is correct. The DGT has ruled that, as this is not a mandatory revaluation required by law, it does not form part of the taxable base nor does it increase the tax value of the asset.

In 6 key points

How it affects those involved

The ruling confirms that voluntary accounting revaluations do not trigger tax consequences, ensuring that book value adjustments do not inadvertently increase the tax liability or the asset's tax basis.

Lifecycle

2022-06-23PublishedPublished 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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