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V2054-15 ·1 July 2015 ·consulta-vinculante Medium impact
Tax

Interest and formalisation costs on loans used to repay debt for business assets are deductible

A taxpayer used 35% of a new mortgage loan to repay a previous loan used for a photovoltaic plant. The DGT rules on whether that percentage of financial expenses can be deducted from their economic activity.

In 6 key points

How it affects those involved

This ruling clarifies the deductibility of interest and costs when new financing is used to refinance existing debt related to business assets.

Lifecycle

2015-07-01PublishedPublished 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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