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V3285-16 ·13 July 2016 ·consulta-vinculante Medium impact
Tax

Deductibility of losses on financial derivatives depends on accounting hedge classification

A shipping company has enquired whether losses from an interest rate swap product are tax-deductible. The DGT has ruled that their tax treatment depends on their accounting classification and whether they are subject to the financial expense limit.

In 6 key points

How it affects those involved

Companies using financial derivatives must ensure their accounting hedge designation aligns with tax requirements to ensure the correct deductibility of losses and compliance with financial expense limitations.

Lifecycle

2016-07-13PublishedPublished 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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