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V0391-21 ·25 February 2021 ·consulta-vinculante Medium impact
Tax

Boiler replacement and insurance costs may be deductible from real estate income

A taxpayer inquired whether the replacement of a boiler and the procurement of non-payment and damage insurance are deductible after renting out their property. The Directorate General for Taxes (DGT) ruled that these expenses are deductible provided they are incurred exclusively for the purpose of generating real estate income.

In 6 key points

How it affects those involved

This ruling clarifies the deductibility of maintenance and protection costs for landlords, confirming that essential upgrades and insurance policies aimed at safeguarding rental income qualify as deductible expenses.

Lifecycle

2021-02-25PublishedPublished 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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