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V1651-16 ·15 April 2016 ·consulta-vinculante Medium impact
Tax

Impairment losses on land are non-deductible, but losses from asset derecognition are

A company has enquired whether it can deduct the loss in value of rural land following an expert valuation. The DGT clarifies that impairment losses are not deductible, whereas losses resulting from the definitive derecognition of the asset are.

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2016-04-15PublishedPublished 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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