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V1673-15 ·28 May 2015 ·consulta-vinculante Medium impact
Tax

Deduction for reinvestment of extraordinary profits may apply if Article 42 TRLIS requirements are met

A company enquired whether income from the sale of two portions of a plot of land qualified for the deduction for reinvestment of extraordinary profits. The DGT ruled that the income must be fully recognised in the 2014 tax year as it was not an instalment sale, but confirmed that the deduction is available provided the amount is reinvested in fixed assets used for the economic activity.

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2015-05-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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