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V1773-21 ·8 June 2021 ·consulta-vinculante Medium impact
Tax

RIC cannot be applied to the acquisition, renovation or refurbishment of tourist accommodation

A hotel company has enquired whether it can use the Canary Islands Investment Reserve (RIC) to renovate a building and to acquire apartments intended for tourist leasing. The DGT has ruled that investment in the building is eligible subject to certain requirements, but investment in tourist apartments is prohibited.

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2021-06-08PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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