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V2920-20 ·29 September 2020 ·consulta-vinculante Medium impact
Tax

Rental income from real estate belongs to the usufructuary

A query was raised regarding which party should be taxed on rental income from properties where the taxpayer holds the usufruct and their children hold the bare ownership. The DGT ruled that the income belongs to the usufructuary, as they are the holder of the right from which the income derives.

In 6 key points

How it affects those involved

This ruling clarifies that for tax purposes, the right to receive rental income rests with the usufructuary rather than the bare owner, ensuring consistency in the attribution of real estate capital income.

Lifecycle

2020-09-29PublishedPublished 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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