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V1591-24 ·1 July 2024 ·consulta-vinculante Medium impact
Tax

Bare owners of a property are not required to impute imputed rental income in their tax returns

A taxpayer inquired whether they must declare income for the portion of a property for which they only hold bare ownership. The Directorate General for Taxes (DGT) ruled that the imputation of income is the responsibility of the holder of the usufruct right.

In 5 key points

How it affects those involved

This clarification confirms that tax obligations regarding imputed rental income fall on the usufructuary rather than the bare owner, providing legal certainty for property owners with split ownership rights.

Lifecycle

2024-07-01PublishedPublished 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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