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V0273-24 ·29 February 2024 ·consulta-vinculante Medium impact
Tax

60% Personal Income Tax reduction applicable if property is effectively used as a residence

The taxpayer asks whether the reduction for residential leasing can be applied to a property registered as a warehouse. The Directorate General for Tax (DGT) responds that the reduction depends on the actual use of the property as a residence by the tenant, which is a matter of fact.

In 5 key points

How it affects those involved

The ruling clarifies that the tax status of a property is determined by its actual use rather than its administrative registration, potentially allowing for tax benefits on properties officially listed as non-residential if they function as homes.

Lifecycle

2024-02-29PublishedPublished 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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