Riu renuncia a mantener su pulso con Hacienda por una deducción de 5,8 M€
🏠 Riu, the Spanish hotel chain, ended its legal dispute with the Ministry of Finance over a tax deduction claimed on Corporate Tax for the years 2007, 2008, and 2009, deciding not to appeal a November 2022 court ruling. The contention arose from a 5.8 million euro capital gain obtained from selling a property in Chipiona, bought in 2004 and sold in 2006. The court determined the property was not part of Riu's fixed assets, which would have qualified for the fiscal benefit. The sale yielded a roughly 40% return in just two years.
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