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V1314-20 ·8 May 2020 ·consulta-vinculante Medium impact
Tax

Expenses necessary for obtaining income from real estate capital may be deducted

An owner of a leased property inquires about which expenses may be deducted in their Personal Income Tax. The DGT clarifies that, if the lease does not constitute an economic activity, the rules for income from real estate capital apply.

In 6 key points

How it affects those involved

This clarification provides certainty for individual landlords regarding the tax treatment of expenses, distinguishing between business activities and passive real estate income.

Lifecycle

2020-05-08PublishedPublished 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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