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V1253-25 ·9 July 2025 ·consulta-vinculante Medium impact
Tax

Installation of an elevator can increase property acquisition value

The consultant asks whether costs for installing or renovating an elevator in a property owners' community are deductible or improve their income tax. The DGT responds that installing an elevator is considered an improvement that increases the property's acquisition value, but does not grant a deduction for investment in a primary residence if the works were carried out in 2024.

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2025-07-09PublishedPublished 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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