Return on real estate property

Deductible expenses for determining net income

Article 15 of Royal Decree-Law 35/2020, of December 22, on urgent measures to support the tourism, hospitality and commerce sector and in tax matters (BOE of 23) reduces in the years 2020 and 2021 from six to three months the period for the amounts owed by the tenants to be considered doubtful balances and can be deducted from the full returns of the real estate capital.

Likewise, the possibility is established that this period may be modified by regulation.