Doctrine by topic · DGT Observatory

Special Housing Lease Regime: DGT doctrinal evolution

How the DGT's position on this topic has evolved, and the rulings it rests on.

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How the DGT's position has evolved

Settled doctrine High confidence 8 rulings · 2014–2025

Current position

The tax relief applies to income derived from housing leases, excluding SOCIMI dividends or deposit income. For the lease to be considered an economic activity, it is required to hire at least one person under a full-time employment contract. The entity must have the leasing of at least 8 dwellings as its main activity.

The DGT's position remains constant regarding the definition of eligible assets and income. Greater precision is observed in the requirement of operational conditions to validate the economic activity, such as the need for personnel under an employment contract and full-time working hours.

Turning points

  1. V1997-21

    Establishes that the leasing of real estate requires the existence of an employee under an employment contract and full-time working hours to be considered an economic activity.

  2. V1826-25

    Specifies that the main activity must consist of the leasing of at least 8 dwellings.

Analysis based on 7 of 8 rulings with a stated position. Updated 13 October 2026.

Rulings on this topic

8
V1826-25 13 Oct 2025

Requirements for the special rental regime: economic activity and VAT type

SG de Impuestos sobre las Personas Jurídicas
régimen especial de arrendamiento de viviendasactividad económicacontrato laboral a jornada completabonificación del impuesto sobre sociedadestipo impositivo reducido de IVA LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 5.1LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48.1
Affects CompanyExpat · Non-residentIndividual
V1857-24 6 Aug 2024

SOCIMI dividends do not qualify for housing rental tax relief

SG de Impuestos sobre las Personas Jurídicas
régimen especial de arrendamiento de viviendasbonificaciónsocimirentas derivadas del arrendamientoratio de rentas LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 49
Affects CompanyExpat · Non-residentIndividual
V1997-21 24 Jun 2021

Special housing rental regime requires employing at least one full-time staff member

SG de Impuestos sobre las Personas Jurídicas
régimen especial de arrendamiento de viviendasactividad económicacontrato laboraljornada completaarrendamiento de inmuebles LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 5.1LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48.1
Affects CompanyExpat · Non-residentIndividual
V2169-20 29 Jun 2020

Opting for the special residential leasing regime requires compliance with specific requirements

SG de Impuestos sobre las Personas Jurídicas
régimen especial de arrendamiento de viviendascambio de afectaciónactividad económica principalinversión del sujeto pasivopromoción inmobiliaria LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48.1LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48.2
Affects CompanyExpat · Non-residentIndividual
V5105-16 25 Nov 2016

Fixed-term deposits excluded from the 55% asset value limit under the rental regime

SG de Impuestos sobre las Personas Jurídicas
régimen especial de arrendamiento de viviendasbonificaciónactividades complementariasdepósitos a plazo fijovalor del activo LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48LIS — Ley 27/2014 del Impuesto sobre Sociedades art. 48.2.d
Affects CompanyExpat · Non-residentIndividual

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