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V1709-23 ·14 June 2023 ·consulta-vinculante Medium impact
Tax

Payment of third-party debt creates a credit right whose deductibility depends on accounting and insolvency grounds

A company has requested clarification on when the payment of a third party's debt can be tax-deducted as a capital loss or a provision. The DGT has ruled that such payment creates a credit right within assets, and its deduction is contingent upon proper accounting treatment and the fulfillment of insolvency requirements.

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2023-06-14PublishedPublished 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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