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Impairment Losses: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 13 rulings · 2014–2026

Current position

The deductibility of impairment losses on receivables is conditional upon meeting the circumstances provided for in Article 13.1 of the Law on Corporate Tax (LIS), provided that the exclusion situations in numbers 1 to 3 do not apply. In the case of loans between individuals, deductibility is governed by these same Corporate Tax rules. For loans with related parties, the debtor's insolvency status and the commencement of the judicial liquidation phase are required.

The DGT's position remains constant in the application of the LIS requirements for the deductibility of impairment losses. Recent rulings reaffirm that deductibility depends on the circumstances of Article 13.1 and the absence of exclusions. No change in criterion is observed, but rather a repeated application of the current regulations regarding credits and debtors.

Analysis based on 8 of 13 rulings with a stated position. Updated 27 September 2026.

Rulings on this topic

13
V1664-14 30 Jun 2014

Deterioro of shareholdings not to be included in taxable base after prior reversal

SG de Impuestos sobre las Personas Jurídicas
pérdidas por deteriororeversión de deteriorodividendosbase imponiblefondos propios TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 12.3TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 14.1.j
Affects CompanyExpat · Non-residentIndividual
V1129-14 22 Apr 2014

Ghost gains do not prevent loss allowance on group shareholdings

SG de Impuestos sobre las Personas Jurídicas
plusvalía tácitapérdidas por deteriorofondos propiosajuste positivoentidades del grupo TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 12.3TRLIS — RDLeg 4/2004 (derogado por la Ley 27/2014) art. 14.1.j
Affects CompanyExpat · Non-residentIndividual

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