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V3011-21 ·3 December 2021 ·consulta-vinculante Medium impact
Tax

No imputation of imputed real estate income if the property is proven to be unfit for use

A property owner inquired whether they must report imputed real estate income for an urban property in a ruinous state. The Directorate General for Taxes (DGT) ruled that no imputation will occur if it is demonstrated that the property is unfit for use due to urban planning restrictions.

In 5 key points

How it affects those involved

Taxpayers owning properties that are structurally unsound or legally unusable due to urban planning regulations may be exempt from paying imputed real estate income tax.

Lifecycle

2021-12-03PublishedPublished 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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