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V2767-15 ·25 September 2015 ·consulta-vinculante Medium impact
Tax

Impairment of credit against a related party may be deductible if in insolvency proceedings and liquidation phase

A company has enquired whether it can claim a tax deduction for the impairment of a credit arising from the sale of a property that secured a loan to a related entity. The DGT has ruled that the impairment loss is deductible provided the debtor entity is in insolvency proceedings and the judicial liquidation phase has commenced.

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2015-09-25PublishedPublished 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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