Loss can be calculated by deducting insurance payout from acquisition value
Technical details
Summary
The consultant asks whether a patrimonial loss can be recognised after the theft of a jewel, given that the insurance payout is below the item's value. The DGT confirms that theft constitutes a patrimonial loss and explains how to calculate it.
In 6 key points
How it affects those involved
A patrimonial loss arising from theft can be recognised if the insurance payout is less than the acquisition value.