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V3108-16 ·5 July 2016 ·consulta-vinculante Medium impact
Tax

Financial aid from a cooperative to a member for residential care is not deductible for CIT nor subject to VAT

A cooperative has requested a ruling on the tax treatment of financial assistance granted to a member with tetraplegia to cover the costs of a private residential care home. The DGT has determined that the expenditure is not deductible for Corporate Income Tax, is not subject to VAT, and its taxation under the member's Personal Income Tax will depend on whether the aid is intended for healthcare purposes or for economic relief.

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2016-07-05PublishedPublished 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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