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V0632-23 ·17 March 2023 ·consulta-vinculante Medium impact
Tax

Annual property expenses are only deductible in proportion to the number of days leased

The taxpayer asks whether maintenance and depreciation expenses for a plot of land can be fully deducted or if they must be applied proportionally to the number of rental days. The DGT rules that annual expenses are only deductible based on the period during which the property is leased.

In 6 key points

How it affects those involved

This ruling clarifies that taxpayers cannot deduct the full annual cost of property maintenance and depreciation if the property was not rented out for the entire year; deductions must be strictly proportional to the rental period.

Lifecycle

2023-03-17PublishedPublished 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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