Partner-attended · reply within 24 business hours
Corporate transactions, capital markets and strategic deals.
Independent assessment and rigorous valuation of assets and businesses.
Business reinvention, sustainability and wealth management.
Corporate governance, succession and transformation
International tax planning and cross-border structuring.
Regulatory compliance and tax reporting obligations.
Special regimes for individuals and digital assets.
Tax defense and wealth taxes
Corporate immigration, ICT transfers, investor residency, digital nomad and regularisation.
Employment relations, mobility and regulatory protection.
Protection, compliance and digital resilience
Data protection, DPO and AI regulation
Company formation, contracts, shareholder agreements and corporate operations.
Contracts, dismissals, redundancies and labour court representation.
Insolvency proceedings, fresh start, micro-enterprise procedure and dissolution.
Litigation, arbitration, mediation, IP and real estate law.
Accounting, reporting and outsourced financial management.
Entity management, governance and personnel administration.
Incorporation, incentives and business acceleration.
Risk management, continuity and recovery
New guides on the latest Spanish tax and immigration developments.
Practical tools for informed decision-making.
A community of property seeks clarification regarding VAT deductibility in its leasing activities and property depreciation for Personal Income Tax (IRPF). The Directorate General for Taxes (DGT) clarifies that the VAT pro rata method must be applied when conducting both taxable and exempt activities, and that IRPF depreciation is limited to 3% of the higher value between the acquisition cost or the cadastral value (excluding land).
Question posed The consulting community raises: 1. Regarding VAT, the possible deductibility of Value Added Tax amounts incurred in the acquisition of goods and services intended for the development of said leasing activity, and compliance with the obligation to declare using Form 303, quarterly declaration of Value Added Tax (VAT) Self-assessment of Value Added Tax. 2. Regarding Personal Income Tax: determination of the community's net income, deduction of expenses for property depreciation.
Regarding VAT, as there are no differentiated sectors, the general or special pro rata is applied to deduct tax amounts according to the proportion of taxable and non-exempt operations. Regarding Personal Income Tax (IRPF), if the lease is not an economic activity, the income constitutes income from real estate capital. The deductible depreciation of the properties shall be 3% of the higher of: the acquisition cost (inheritance expenses and taxes) or the cadastral value excluding the land.
Partner-attended · reply within 24 business hours
Quick message
We reply within 24 business hours. Confidential handling guaranteed.
Google Meet
Direct slot with the partner. Complimentary consultation · no commitment · cancel up to 24h in advance.
Loading availability…
We're fully booked for the next 14 days.
That's a good sign — and we won't leave you hanging.
Request callback
Tell us a time window and a phone number. A partner will call you back during the chosen slot.
< 24 h reply · direct with partner
Have a specific question? Tell us your situation in a sentence or two — a partner will reply within 24 business hours.
Complimentary 30-minute meeting with the partner responsible for your area. Google Meet or in person. Cancel up to 24h in advance.
Loading availability…
We're fully booked for the next 14 days.
That's a good sign — and we won't leave you hanging.
Tell us your preferred time slot and a phone number. A partner will call you back — no hold queues, no gatekeepers.
We use our own and third-party cookies to improve your experience. More information
Essential for the website to function. Cannot be disabled.
Help us understand how you use the site to improve it.
Enable relevant content and advertising.