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V0338-21 ·24 February 2021 ·consulta-vinculante Medium impact
Tax

Property tax cannot be deducted from imputed real estate income

The taxpayer asks whether they can deduct Property Tax (IBI) in their Personal Income Tax (IRPF) return regarding the imputed income from a garage. The Directorate General for Taxes (DGT) responds that the regime for imputed real estate income does not allow for the deduction of expenses associated with the property.

In 5 key points

How it affects those involved

This ruling clarifies that taxpayers cannot offset property-related taxes against the imputed income generated by properties they own but do not rent out.

Lifecycle

2021-02-24PublishedPublished 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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