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V0611-21 ·16 March 2021 ·consulta-vinculante Medium impact
Tax

Renovation expenses may be deductible as repairs or integrated into the acquisition value depending on their nature

A homeowners' association inquires about the tax treatment of a comprehensive renovation and the purchase of furniture and appliances in a rented apartment. The DGT clarifies that deductibility depends on whether the works are repairs or improvements/extensions, and that furniture is deducted via depreciation.

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2021-03-16PublishedPublished 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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