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V2971-17 ·16 November 2017 ·consulta-vinculante Medium impact
Tax

Acquisition of used property may qualify as initial investment for the RIC if small entity requirements are met

Consultants inquired whether the purchase of a used property could be considered an initial investment for the Canary Islands Investment Reserve (RIC). The Directorate General for Taxes (DGT) ruled that, provided the conditions for small entities are met, the acquisition of used tangible fixed assets (excluding land) may constitute an initial investment.

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2017-11-16PublishedPublished 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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