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V1934-21 ·21 June 2021 ·consulta-vinculante Medium impact
Tax

Payment of a guarantee is not automatically a patrimonial loss in income tax

A taxpayer asks whether the amount paid to execute a guarantee for a company's debt constitutes a patrimonial loss. The DGT responds that the payment creates a credit right against the guaranteed party, and such a loss only arises if that credit is judicially uncollectable.

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2021-06-21PublishedPublished 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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