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V4873-16 ·11 November 2016 ·consulta-vinculante Medium impact
Tax

Deductibility of loss on shareholding governed by accounting recognition period

A company inquired about the tax treatment of a impairment and subsequent write-down of an Austrian subsidiary following bankruptcy. The DGT states that in the case of an accounting classification error, the expense is deductible in the period when the asset write-down is recognised in the accounts.

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2016-11-11PublishedPublished 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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