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V2203-25 17 November 2025 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · reserva para inversiones en las illes balears

To access the Balearic investment reserve, commercial accounting is required

A professional using direct estimation inquires about the accounting requirements for the Balearic investment reserve. The DGT clarifies that commercial accounting under the Commercial Code is mandatory to benefit from this provision.

The DGT's ruling

Personal Income Tax taxpayers wishing to apply the reserve for investments in the Balearic Islands must maintain accounting records in accordance with the Commercial Code and its implementing regulations. This applies from the fiscal year in which the profits are obtained until the investment assets remain in operation. In the case of professional activities under the direct estimation method, this implies complying with the obligation to maintain the registration books required by the RIRPF.

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