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V2773-21 ·11 November 2021 ·consulta-vinculante Medium impact
Tax

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

A taxpayer inquired about the deductibility of goodwill amortisation following the acquisition of a pharmacy. The Directorate General for Taxes (DGT) ruled that Corporate Tax regulations apply, allowing the deduction subject to an annual limit of 5% of the acquisition cost.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment for professionals and small businesses acquiring intangible assets, ensuring consistency between Corporate Tax and Personal Income Tax rules regarding goodwill.

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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