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V0745-19 ·2 April 2019 ·consulta-vinculante Medium impact
Tax

Joint ownership entities must attribute imputed real estate income from vacant properties to their members

A query was raised regarding the taxation of vacant properties within a building owned by a joint ownership entity (comunidad de bienes) that are awaiting lease. The Directorate General for Taxes (DGT) ruled that these properties generate imputed income which must be attributed to the co-owners.

In 6 key points

How it affects those involved

This ruling clarifies that even if properties are not currently generating rental income, the imputed real estate income must be distributed among the members of the joint ownership entity.

Lifecycle

2019-04-02PublishedPublished 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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