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V1105-20 ·28 April 2020 ·consulta-vinculante Medium impact
Tax

The accumulated depreciation of a leased property is limited to its acquisition value

A query is made regarding how to calculate the deductible depreciation of a property for Personal Income Tax (IRPF) purposes and what its accumulated limit is. The DGT clarifies that annual depreciation cannot exceed 3% of the higher of the acquisition cost or the cadastral value (excluding land) and that the total limit of accumulated depreciation is the acquisition value of the property.

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2020-04-28PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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