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V1760-18 18 June 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · ganancia patrimonial

Loss on disposal of a damaged vehicle cannot be claimed as a capital loss

A taxpayer inquired whether they could declare a capital loss after handing over their vehicle for scrapping following an accident. The DGT ruled that such a loss cannot be accounted for.

The question raised

Having delivered the vehicle for scrapping, the possibility of computing a capital loss is raised.

The DGT's ruling

It is not appropriate to compute a capital loss for the delivery of a vehicle for scrapping, as the vehicle is a durable consumer good and losses due to consumption are not computable. Upon delivery due to a lack of market value or a negative market value, no variation in the value of the assets occurs.

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