Skip to content
V1538-16 ·13 April 2016 ·consulta-vinculante Medium impact
Tax

Software investment and purchase of second-hand property do not qualify for RIC as initial investment

A company has enquired whether it can utilise its Canary Islands Investment Reserve (RIC) through software development and the acquisition of real estate. The DGT has ruled that software does not constitute an eligible intangible asset for initial investment and that second-hand properties may only be included under specific conditions.

In 6 key points

Lifecycle

2016-04-13PublishedPublished 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