Skip to content
V1743-21 ·4 June 2021 ·consulta-vinculante Medium impact
Tax

Home purchase expenses cannot be carried forward to subsequent tax years

A taxpayer inquired whether they could include home acquisition expenses incurred in 2005 in their 2020 tax deduction, or amend the return for that year. The Directorate General of Taxes (DGT) ruled that expenses can only be deducted in the tax year they are paid and that amending the return is not possible as the statute of limitations has expired.

In 5 key points

How it affects those involved

This ruling reinforces the principle of annuality in tax deductions, preventing taxpayers from claiming historical expenses in current or future tax periods and strictly enforcing limitation periods for amending tax returns.

Lifecycle

2021-06-04PublishedPublished 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