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V2738-14 ·13 October 2014 ·consulta-vinculante Medium impact
Tax

Conservation entities are subject to Corporation Tax and their expenses are deductible under certain conditions

A conservation urban entity has requested clarification on whether its operating expenses are deductible for Corporation Tax purposes. The DGT has determined that, by carrying out an economic exploitation activity, the entity is subject to the tax and its expenses are deductible provided they meet the requirements of accounting registration, accrual, correlation, and substantiation.

In 6 key points

How it affects those involved

This ruling clarifies the tax status of urban conservation entities, confirming that their commercial activities trigger Corporation Tax liabilities and allowing for the deduction of related expenses if proper accounting standards are met.

Lifecycle

2014-10-13PublishedPublished 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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