7,3,6,4. Reduction for housing rentals

In the case of leasing real estate intended for housing , the positive net yield will be reduced by 60%.

This reduction will only apply to positive net income calculated by the taxpayer in a self-assessment filed before a data verification procedure, limited verification or inspection procedure has been initiated that includes the verification of such income.

In no case will the reduction be applied to the part of the positive net income derived from income not included or expenses improperly deducted in the taxpayer's self-assessment and which are regularized in any of the procedures mentioned in the previous paragraph, even when these circumstances have been declared or accepted by the taxpayer during the processing of the procedure.

The reduction is also applicable when the tenant is a legal entity and it is proven that the property is intended for housing for certain natural persons.

In tourist rentals the 60% reduction is not applicable since their purpose is not to satisfy a permanent housing need but rather to cover a temporary need.