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V2772-21 ·11 November 2021 ·consulta-vinculante Medium impact
Tax

Goodwill amortisation may be deductible for Personal Income Tax with a 5% annual limit

A taxpayer inquired about the procedure for amortising goodwill paid for a pharmacy office within their Personal Income Tax (IRPF) return. The Directorate General for Taxes (DGT) ruled that Corporate Tax regulations apply, allowing for the deduction of up to one twentieth of the annual amount.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment for small business owners and professionals using the direct estimation method, ensuring consistency between Corporate Tax and Personal Income Tax rules regarding intangible assets.

Lifecycle

2021-11-11PublishedPublished 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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