Skip to content
Back to index
V1163-21 29 April 2021 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · rendimientos del capital inmobiliario

A depreciation rate lower than 3% may be applied to income from real estate capital

The taxpayer asks whether it is possible to deduct a depreciation rate lower than 3% on the rental of their properties. The DGT responds that it is possible to apply a lower percentage, but warns that to calculate the acquisition value of the asset, the minimum depreciation must always be applied.

The question raised

Yes, for the purposes of calculating depreciation as a deductible expense, a percentage lower than 3% may be applied.

The DGT's ruling

For income from real estate capital, the deductible depreciation may not exceed 3% of the higher of the acquisition cost or the cadastral value (excluding land). Therefore, it is possible to apply a percentage lower than 3%. However, to determine the acquisition value of the properties, the minimum depreciation must be computed, regardless of whether it has been deducted as an expense or not.

Book your free first meeting