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V2125-22 ·10 October 2022 ·consulta-vinculante Medium impact
Tax

Property valuation for Corporate Tax must comply with the Commercial Code

A query was raised regarding whether property valuation for Corporate Tax purposes can be based on Autonomous Community valuations used for Property Transfer Tax. The Directorate-General for Taxes (DGT) ruled that valuation must adhere to the criteria set out in the Commercial Code and accounting regulations.

In 6 key points

How it affects those involved

Companies must ensure that property valuations used for tax purposes are consistent with accounting standards and the Commercial Code, rather than relying solely on regional tax administration values.

Lifecycle

2022-10-10PublishedPublished 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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