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V0118-24 ·15 February 2024 ·consulta-vinculante Medium impact
Tax

Interest and depreciation deductible when establishing usufruct, but rental reduction does not apply

A taxpayer inquired whether they could deduct financing costs and depreciation, and apply the residential rental reduction, when establishing a temporary usufruct over their property in favour of an entity. The DGT ruled that while expenses are deductible, the rental reduction is not applicable.

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2024-02-15PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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