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V2388-20 ·13 July 2020 ·consulta-vinculante Medium impact
Tax

Inability to apply the extraordinary profit reinvestment deduction to real estate transfers by a SOCIMI

A SOCIMI (Real Estate Investment Trust) has requested a ruling on whether it can apply the deduction for the reinvestment of extraordinary profits to the portion of income from a real estate transfer generated prior to joining the special tax regime. The Directorate General for Taxes (DGT) has ruled that such a deduction cannot be applied.

In 6 key points

How it affects those involved

This ruling clarifies that the tax benefits associated with the reinvestment of extraordinary profits cannot be applied retroactively to income generated before the entity entered the SOCIMI special tax regime.

Lifecycle

2020-07-13PublishedPublished 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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