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V1745-16 ·20 April 2016 ·consulta-vinculante Medium impact
Tax

Profit reinvestment tax relief requires assets to be new

A real estate leasing company has enquired whether it can apply profit reinvestment tax relief to the purchase of properties, regardless of whether they are new or not. The Directorate General for Taxes (DGT) states that for an asset to be considered new, it must be used or put into operation for the first time.

In 5 key points

How it affects those involved

This ruling clarifies the strict requirements for qualifying property investments under profit reinvestment schemes, limiting the relief to assets that have not been previously used.

Lifecycle

2016-04-20PublishedPublished 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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