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V2142-21 23 July 2021 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · atribución de rentas

No obligation to file Income Tax return if capital gains from grants and property income do not exceed €1,000

Consultants sought clarification on whether they were required to file an income tax return upon receiving a grant from their homeowners' association. The Directorate General for Taxes (DGT) ruled that if the combined total of that capital gain and property income does not exceed €1,000, there is no obligation to file.

The question raised

Question posed: Obligation to file a Personal Income Tax return for the 2020 tax year.

The DGT's ruling

Homeowners' associations are considered communities of property, and the subsidies received are attributed to the owners as capital gains. There is no obligation to file a tax return if employment income does not exceed the legal limits and the sum of the attributed capital gain and real estate income does not exceed 1,000 euros per year.

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