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V0308-21 ·19 February 2021 ·consulta-vinculante Medium impact
Tax

Amortisation of a leased property without economic activity may be deducted up to its acquisition value

The inquirer asks whether they can deduct the amortisation of a commercial premises received via donation and subsequently rented out. The DGT rules that amortisation may be deducted as income from real estate capital, subject to an annual limit of 3% of the higher of its acquisition cost or cadastral value (excluding land value), and an accumulated limit based on its acquisition value.

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2021-02-19PublishedPublished 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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