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V1812-21 9 June 2021 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · valor de mercado

Valuation by another administration does not affect Corporate Tax

A company asks whether it can use a rural property value set by the Tax Agency of the Balearic Islands as market value. The DGT responds that such valuation has no effect on Corporate Tax.

The question raised

Question posed: Whether the consultant could use as the market value the value attributed by the Tax Agency of the Balearic Islands.

The DGT's ruling

According to Article 18.14 of the LIS, the market value determined for one tax does not have effects regarding other taxes, unless there is an express provision to the contrary. Therefore, the valuation carried out by another administration for other taxes is not valid for determining the market value in Corporate Income Tax.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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