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V1774-21 ·8 June 2021 ·consulta-vinculante Medium impact
Tax

RIC may be applied to the acquisition of premises and land if leased in declining commercial areas

A company leasing premises in the Canary Islands has enquired whether the Canary Islands Investment Reserve (RIC) can be applied to both the value of the construction and the land. The DGT has ruled that this is possible provided the investment is made in a declining commercial area and the requirements regarding economic activity and non-linkage are met.

In 6 key points

How it affects those involved

The ruling clarifies that the RIC can cover both land and buildings for leasing activities, provided specific geographical and operational conditions are satisfied.

Lifecycle

2021-06-08PublishedPublished 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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