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V0437-15 4 February 2015 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · depreciación monetaria

Monetary depreciation and reinvestment deductions do not apply to the exchange of development rights

A real estate company inquired whether it could apply monetary depreciation and the deduction for reinvestment of extraordinary profits following the exchange of development rights for others. The Directorate General for Taxes (DGT) ruled that this is not possible because the assets transferred are rights rather than fixed assets (property).

The question raised

Cuestión planteada Si es posible aplicar la depreciación monetaria establecida en el artículo 15.9 del texto refundido de la Ley del Impuesto sobre Sociedades, a fin de determinar la base imponible de dicho impuesto.

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