Skip to content
Back to index
V3074-14 12 November 2014 · SG de Impuestos sobre las Personas Jurídicas Criterion in force
IS · libertad de amortización

Potential application of outstanding free depreciation for 2011 assets subject to tax base limits

A company has requested a ruling on whether it can apply free depreciation to a hotel and convention centre acquired in 2011. The DGT indicates that, as these were new assets put into operation that year, they meet the requirements to benefit from the incentive.

The question raised

Tax treatment to be applied to the amount of the investment in the acquisition of the hotel and the convention center in relation to the application of the freedom of depreciation regulated by the eleventh additional provision (currently repealed) and the thirty-seventh transitional provision of the consolidated text of the Corporate Income Tax Law.

Book your free first meeting