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V2419-19 ·13 September 2019 ·consulta-vinculante Medium impact
Tax

No imputation of imputed real estate income for bare owners with life interest held by another party

A taxpayer inquired whether they must impute real estate income for a property of which they are the bare owner, but where life interest and enjoyment belong to another person. The Directorate General for Taxes (DGT) ruled that there is no obligation to impute such income.

In 5 key points

How it affects those involved

This ruling clarifies the tax treatment for bare owners, confirming that the obligation to impute real estate income does not apply when the right to use and enjoy the property is held by a third party for life.

Lifecycle

2019-09-13PublishedPublished 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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