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V3113-15 ·16 October 2015 ·consulta-vinculante Medium impact
Tax

Property repair debts are deductible if existence is proven and they do not benefit heirs

A query was raised regarding whether the costs required to repair a property and adapt it for its intended use can be included as a debt of the deceased for Inheritance Tax purposes. The DGT indicates that such amounts are deductible provided their existence is proven and they do not constitute a debt in favour of the heirs or close relatives.

In 5 key points

How it affects those involved

This ruling clarifies the criteria for deducting property maintenance and repair costs from the taxable estate, emphasizing the need for proof of debt and the exclusion of debts that effectively benefit the beneficiaries.

Lifecycle

2015-10-16PublishedPublished 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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