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V0747-23 ·28 March 2023 ·consulta-vinculante Medium impact
Tax

Subsidies received must be deducted from the base for energy efficiency tax deductions in housing

A taxpayer inquired about the amount to be included in the tax deduction base for energy efficiency works after receiving a subsidy of €34,014. The Directorate General for Taxes (DGT) ruled that any subsidised amounts must be deducted from the total cost of the works to determine the deduction base.

In 6 key points

How it affects those involved

This ruling clarifies that tax benefits for energy efficiency improvements cannot be double-counted with public subsidies, requiring taxpayers to subtract any grants received from the total expenditure before calculating the deduction.

Lifecycle

2023-03-28PublishedPublished 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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