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V2199-20 ·29 June 2020 ·consulta-vinculante Medium impact
Tax

Demolition of a property without compensation results in a capital loss for Income Tax purposes

A taxpayer inquired whether the demolition of a derelict property allows for the recognition of a capital loss. The DGT ruled that the disappearance of the property constitutes a change in assets that generates a loss based on its acquisition value, excluding the value of the land.

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2020-06-29PublishedPublished 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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