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V1221-18 10 May 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · derechos de pago único

Acquisition of CAP single payment rights is deductible through depreciation

A farmer has enquired whether the purchase of CAP single payment rights can be deducted when calculating net income. The DGT has ruled that these rights constitute intangible assets and must be deducted via depreciation.

The question raised

Whether, for the determination of the net income of the activity, such acquisition may be deducted.

The DGT's ruling

The single payment rights under the CAP have the nature of intangible assets as they are independently transferable and generate income over several fiscal years. Therefore, their acquisition is taken into account in the calculation of net income through amortization.

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