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V2061-21 ·9 July 2021 ·consulta-vinculante Medium impact
Tax

3% depreciation may be deducted on the highest value of a group of properties with a single acquisition price

A property owner sought guidance on calculating deductible depreciation for three properties (one primary and two ancillary) acquired for a single price and leased under a single contract. The DGT ruled that, as there is a single contract and price, it is treated as a single lease. Consequently, depreciation is calculated by applying 3% to the higher of the acquisition cost or the cadastral value (excluding land value).

In 6 key points

How it affects those involved

This ruling clarifies the method for calculating depreciation when multiple properties are bundled under a single acquisition cost and lease agreement, potentially affecting tax deductions for real estate income.

Lifecycle

2021-07-09PublishedPublished 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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