Skip to content
Back to index
V1866-18 26 June 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · rendimientos del capital inmobiliario

The 3% depreciation rate applies to the higher of the acquisition cost or the cadastral value excluding land

The inquirer asks which value should be used to apply the 3% depreciation rate when calculating income from real estate capital. The DGT clarifies that it must be applied to the higher of two values: the acquisition cost (excluding land) or the cadastral value (excluding land).

The question raised

Upon which value the corresponding 3% depreciation should be applied when calculating the net yield of real estate capital.

The DGT's ruling

To calculate the depreciation expense for a leased property, 3% shall be applied to the higher of these values: the acquisition cost paid (including expenses and taxes, but excluding the land value) or the cadastral value (excluding the land value). If the land value is unknown, it shall be calculated by prorating the acquisition cost between the cadastral values of the land and the construction. This criterion applies individually to each property, such as a dwelling or a garage, if they are leased jointly.

Book your free first meeting