Skip to content
Back to index
V2177-20 29 June 2020 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · rendimientos del capital inmobiliario

Deductibility of furniture depreciation and life insurance linked to loans for real estate income

A taxpayer inquired whether furniture and life insurance associated with a loan for a tourist apartment are deductible. The DGT ruled that furniture is deductible through depreciation, and life insurance is deductible if its procurement was a necessary condition for obtaining the loan.

The question raised

Whether the furniture acquired for leasing purposes and the life insurance policy that had to be taken out to obtain the loan financing the acquisition of the property are considered deductible expenses for Personal Income Tax (IRPF) purposes.

Book your free first meeting