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V2624-20 ·4 August 2020 ·consulta-vinculante Medium impact
Tax

Amortisation of leased property may be deducted by applying 3% to the higher of acquisition cost or cadastral value (excluding land)

The taxpayer asks how to calculate the deductible expense for the amortisation of a rented property. The DGT rules that 3% may be deducted based on the higher of the acquisition cost (excluding land) or the cadastral value (excluding land).

In 6 key points

Lifecycle

2020-08-04PublishedPublished 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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