Skip to content
V2421-23 ·7 September 2023 ·consulta-vinculante Medium impact
Tax

The acquisition value of a property must be reduced by tax-deductible depreciation

A taxpayer inquired how to account for the depreciation of a leased property when calculating capital gains upon sale, given that these were not deducted during the rental period. The Directorate General of Taxes (DGT) ruled that the acquisition value must be reduced by such depreciation, even if it was not actually claimed.

In 6 key points

How it affects those involved

This ruling clarifies that the reduction of the acquisition value due to depreciation is mandatory for tax purposes when calculating capital gains, regardless of whether the taxpayer actually deducted those amounts during the period of ownership.

Lifecycle

2023-09-07PublishedPublished 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