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V2080-16 ·13 May 2016 ·consulta-vinculante Medium impact
Tax

Purchasing a second-hand office does not constitute initial investment for the RIC, unless the company is a small-scale entity

A company has requested clarification on whether the acquisition of an office can be considered an initial investment to materialise the Canary Islands Investment Reserve (RIC). The Directorate-General for Taxes (DGT) has ruled that, as it is a second-hand asset, it does not qualify as an initial investment unless the entity is a small-scale company.

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2016-05-13PublishedPublished 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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