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V2007-20 ·18 June 2020 ·consulta-vinculante Medium impact
Tax

Deduction of depreciation for leased property limited to 3% annually and the total acquisition value

A query was made regarding the calculation of deductible depreciation for a property when income is classified as income from real estate capital. The DGT clarifies that there is an annual limit based on 3% of the higher of the acquisition cost or the cadastral value (excluding land), as well as a total cumulative limit equal to the property's acquisition value.

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2020-06-18PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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