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V4789-16 ·10 November 2016 ·consulta-vinculante Medium impact
Tax

Debt hedging costs are included in the financial expense deductibility limit

The query concerns the tax treatment of expenses arising from a financial swap and their impact on the limit for the deductibility of financial expenses. The DGT clarifies that if it constitutes an accounting hedge for a debt, its effects must be calculated alongside the hedged item to determine the net financial expense.

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2016-11-10PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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