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V1669-18 12 June 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · imputación de rentas inmobiliarias

2% of cadastral value applied to imputed real estate income if values have not been revised

A query was made regarding the percentage to apply to the cadastral value to determine the imputed real estate income for a single-family home. The Directorate General for Taxes (DGT) ruled that, as cadastral values in the municipality have not been revised in the last ten tax periods, the applicable rate is 2%.

The question raised

Percentage to be applied to the cadastral value for the purpose of determining the imputation of real estate income.

The DGT's ruling

For urban real estate not used for economic activities nor generating returns on capital, 2% of the cadastral value is applied. The percentage shall be 1.1% if the cadastral values have been revised or determined through collective valuation during the tax period or in the ten preceding periods. In the specific case, as there has been no revision in the municipality of Foz (Lugo) in the 2017 period nor in the ten preceding periods, the 2% rate applies.

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