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V1383-20 ·13 May 2020 ·consulta-vinculante Medium impact
Tax

Costs for replacing meters in a rented property are deductible as repair expenses

A landlord inquired whether the cost of replacing individual meters in a rented property with a common meter bank is deductible. The DGT ruled that this constitutes a deductible repair and maintenance expense for Personal Income Tax (IRPF) purposes.

In 4 key points

How it affects those involved

Landlords can reduce their taxable income from real estate capital gains by deducting the costs associated with replacing utility meters as maintenance expenses.

Lifecycle

2020-05-13PublishedPublished 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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