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V0651-19 ·26 March 2019 ·consulta-vinculante Medium impact
Tax

Usufructuaries must report income from tourist rentals and may deduct necessary expenses

A prospective usufructuary of a property sought clarification on whether they must declare income from tourist rentals and if associated expenses are deductible. The Directorate General for Taxes (DGT) ruled that, as no hotel services are provided and no employees are hired, the income constitutes returns on real estate capital attributable to the usufructuary, allowing for the deduction of necessary expenses.

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2019-03-26PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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