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V3337-20 ·11 November 2020 ·consulta-vinculante Medium impact
Tax

Compensation for loss of an asset used in economic activity is taxed as a capital gain

A farmer asks how to declare insurance compensation for the destruction of a fully depreciated machine. The DGT rules that it must be treated as a capital gain included in the general tax base.

In 6 key points

Lifecycle

2020-11-11PublishedPublished 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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