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V1404-21 ·13 May 2021 ·consulta-vinculante Medium impact
Tax

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

A property owner has enquired whether repair and maintenance costs incurred while a property was vacant can be deducted. The DGT has ruled that these are deductible provided it is proven they were carried out to facilitate future rental income rather than for the owner's personal use.

In 6 key points

How it affects those involved

This ruling clarifies the tax treatment of maintenance costs for vacant properties, confirming that the intention to generate rental income is the decisive factor for deductibility.

Lifecycle

2021-05-13PublishedPublished 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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