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V0350-19 ·19 February 2019 ·consulta-vinculante Medium impact
Tax

Deduction of expenses and depreciation for garage spaces only permitted when leased

Consultants inquired about the taxation of five garage spaces, some of which are rented and others not, and whether expenses can be deducted. The DGT ruled that expenses and depreciation are only deductible during leasing periods, whereas unleased spaces generate imputed income.

In 6 key points

How it affects those involved

Taxpayers owning garage spaces must distinguish between rented and unrented units, as only the former allow for the deduction of associated costs and depreciation, while the latter are subject to imputed income based on cadastral value.

Lifecycle

2019-02-19PublishedPublished 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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