Skip to content
Back to index
V1687-20 29 May 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · rendimientos del capital inmobiliario

Expenses for tourist rental properties are deductible proportionally to the rental period, subject to exceptions

A query was made regarding how to calculate deductible expenses for a tourist rental property during periods when it is not rented out. The DGT ruled that expenses are deductible in proportion to the number of rental days, with the exception of repair costs incurred to make the property ready for re-letting.

The question raised

For the purposes of determining the net income from real estate capital of a property intended for tourist rental, the method for calculating deductible expenses in the event that there are periods in which it has not been leased.

The DGT's ruling

Expenses necessary to obtain income from real estate capital are deductible in proportion to the number of days during the tax period in which the property is leased. During periods without rental income, only repair and maintenance expenses intended to prepare the property for re-leasing are deductible. If no income is obtained in a tax year, these repair expenses may be deducted in the following four years, subject to legal limits. The owner must demonstrate the status of expectation of rental.

Book your free first meeting