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V1864-16 ·27 April 2016 ·consulta-vinculante Medium impact
Tax

Net total turnover must be used for the limit on offsetting tax losses

A SOCIMI (Real Estate Investment Trust) has requested clarification on whether the net turnover from general regime income or the total turnover should be used when applying limits to the offsetting of tax losses. The DGT has ruled that both the volume of operations and the net amount of the entity's total turnover must be taken into account.

In 6 key points

How it affects those involved

This ruling clarifies the calculation method for turnover-based limits on tax loss carryforwards for SOCIMIs, potentially affecting how much loss can be offset against taxable income.

Lifecycle

2016-04-27PublishedPublished 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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