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V3003-14 5 November 2014 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · capitalización de créditos

Capitalisation of shareholder-company loans does not create tax income or expense through accounting impairment

A company has enquired whether the impairment of a loan granted to a subsidiary is tax-deductible upon capitalisation or loss of affiliation. The DGT ruled that the capitalisation of a credit between a shareholder and a company with majority participation does not generate a tax expense, although it does increase the tax value of the holding.

The question raised

Cuestión planteada Si el deterioro contable del préstamo concedido a la entidad A, es fiscalmente deducible en el período 2011 (capitalización del préstamo) o en el período 2013 (pérdida de la vinculación).

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