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V2588-17 ·10 October 2017 ·consulta-vinculante Medium impact
Tax

Refunds from floor clauses are not included in the IRPF taxable base

A query was made regarding the tax treatment of interest refunds from floor clauses that had previously been deducted as an expense in property rental income. The DGT ruled that these amounts are not taxed as income, but requires the regularisation of expenses improperly deducted in previous tax years.

In 6 key points

How it affects those involved

Taxpayers who deducted floor clause interest as a deductible expense in rental income must file supplementary tax returns to correct previous deductions, although the refund itself is not considered taxable income.

Lifecycle

2017-10-10PublishedPublished 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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