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V1742-24 ·15 July 2024 ·consulta-vinculante Medium impact
Tax

Resident in Spain with property in Italy: rental income tax and IMU non-deductible

A Spanish tax resident owning property in Italy asks how rental income is taxed and whether Italian IMU payments are deductible in Spanish personal income tax. The DGT states that rental income is capital income subject to Spanish IRPF (without excluding Italy's possible taxation under the Spain-Italy CDI Article 6), and unrented property generates imputed income (Article 85 of the Spanish Personal Income Tax Law). Italian IMU is not analogous to IRPF or IRNR, so no double taxation deduction under Article 80.1 of the LIRPF applies.

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2024-07-15PublishedPublished 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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