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V3072-23 ·24 November 2023 ·consulta-vinculante Medium impact
Tax

Façade repair works due to falling panels are classified as repair and maintenance expenses

A query was raised regarding whether works on the façade of a rental property constitute repair or improvement expenses. The DGT has determined that, as the works involve repairing fixings due to panels detaching, they are deductible repair and maintenance expenses.

In 5 key points

How it affects those involved

Landlords can deduct the costs of fixing loose façade panels as maintenance expenses rather than being forced to treat them as capital improvements.

Lifecycle

2023-11-24PublishedPublished 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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