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V0128-19 ·18 January 2019 ·consulta-vinculante Medium impact
Tax

Usufructuaries may deduct 3% of the usufruct acquisition cost as depreciation on rental income

A query was raised regarding how parents holding a life usufruct over a rented property should calculate depreciation. The DGT ruled that, as usufructuaries, they are entitled to deduct depreciation amounting to 3% of the acquisition cost of the usufruct as an expense.

In 5 key points

How it affects those involved

This clarifies the tax treatment for usufructuaries, allowing them to reduce their taxable rental income by applying a specific depreciation rate based on the cost of the usufruct right.

Lifecycle

2019-01-18PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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