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V1113-19 ·21 May 2019 ·consulta-vinculante Medium impact
Tax

Repair and maintenance costs for properties intended for rent are deductible under certain conditions

A taxpayer inquired whether renovation costs for an inherited property intended for rental can be deducted. The DGT ruled that these expenses are deductible as income from real estate capital, provided that the intention to rent is substantiated.

In 6 key points

How it affects those involved

Taxpayers can reduce their taxable real estate income by deducting necessary maintenance and repair costs, provided they can prove the property is being prepared for the rental market.

Lifecycle

2019-05-21PublishedPublished 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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