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V1905-25 15 October 2025 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · valor de adquisición

Acquisition value of inherited property for depreciation

The consultant asks how to determine the acquisition value of an inherited property for calculating rental income depreciation. The DGT responds that the value resulting from Succession and Gifts Tax rules should be applied.

The question raised

It is necessary to determine the acquisition value in order to calculate the depreciation applicable to income from real estate capital in the Personal Income Tax.

The DGT's ruling

In acquisitions for consideration, the acquisition value consists of the value of full ownership resulting from the application of the rules of the Inheritance and Gift Tax, not exceeding the market value. To this amount, investments, improvements, expenses, and taxes inherent to the acquisition must be added, excluding interest.

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