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V1652-20 ·28 May 2020 ·consulta-vinculante Medium impact
Tax

Homeowners' association grants are recognised in the tax year they are received

A homeowner has enquired as to when a grant received by a homeowners' association for accessibility works must be declared and whether a regional tax deduction can be applied. The Directorate General for Taxes (DGT) has ruled that the aid constitutes a capital gain to be recognised at the time of receipt, and that jurisdiction over regional tax deductions lies with the respective Autonomous Community.

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2020-05-28PublishedPublished 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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