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V2173-21 ·30 July 2021 ·consulta-vinculante Medium impact
Tax

Acquisition costs of undivided property are included in fixed asset costs under accounting standards

A company has enquired whether it can deduct the purchase costs of a property acquired pro indiviso to be used partly as its registered office. The DGT has ruled that the tax treatment will depend on the accounting valuation of the tangible fixed assets.

In 6 key points

How it affects those involved

The tax deductibility of acquisition costs for undivided property is directly linked to how these costs are recorded in the company's accounting books.

Lifecycle

2021-07-30PublishedPublished 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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