Skip to content
V1499-19 ·21 June 2019 ·consulta-vinculante Medium impact
Tax

Potential application of tax deductions for assets of cultural interest subject to specific requirements

A property owner has enquired whether the deduction under Article 68.5 of the Personal Income Tax Act (LIRPF) can be applied to renovation works and the installation of a lift in a building of cultural interest. The Directorate General for Taxes (DGT) indicates that the deduction is applicable under subsection b) provided the property is classified as an asset of cultural interest and the obligations regarding public visits and exhibitions are met.

In 6 key points

How it affects those involved

Taxpayers owning assets of cultural interest may benefit from income tax deductions for renovation costs, provided they comply with public access requirements.

Lifecycle

2019-06-21PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact