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V2345-21 ·18 August 2021 ·consulta-vinculante Medium impact
Tax

Acquisition value must be reduced by property depreciation even if not deducted as an expense

The taxpayer asks whether depreciation should be applied when calculating capital gains from the sale of a rented property, even if it was not deducted from real estate income. The DGT rules that it is mandatory to reduce the acquisition value by the amount of tax-deductible depreciation.

In 6 key points

How it affects those involved

Taxpayers selling rented properties must ensure that the acquisition cost is adjusted downwards by the accumulated depreciation to comply with tax regulations, which may affect the final capital gains tax calculation.

Lifecycle

2021-08-18PublishedPublished 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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