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Renta 2021 Practical Handbook

Return on real estate property

Deductible expenses for the determination of the net income

Doubtful balances

Article 15 of Royal Decree-Law 35/2020, of 22 December, on urgent measures to support the tourism, hotel and catering and commerce sector and in tax matters (BOE of 23 December), reduces from six to three months in 2020 and 2021 the deadline for amounts owed by lessees to be considered as doubtful debt and to be deducted from the full income from real estate capital .

It also provides for the possibility that this time limit may be modified by regulation.

Rent rebate for renting premises to certain entrepreneurs for the tax period 2021

El artículo 13 del Real Decreto-ley 35/2020, de 22 de diciembre, de medidas urgentes de apoyo al sector turístico, la hostelería y el comercio y en materia tributaria (BOE del 23), ha añadido una nueva disposición adicional cuadragésima novena en la Ley del IRPF, que permite a los arrendadores distintos de los “grandes tenedores” que hubieran suscrito un contrato de alquiler para uso distinto del de vivienda y cuyos arrendatarios destinen el inmueble al desarrollo de una actividad económica, computar como gasto deducible de los rendimientos de capital inmobiliario la cuantía de la rebaja en la renta arrendaticia que voluntariamente hubieran acordado a partir de 14 de marzo de 2020, correspondientes a las mensualidades devengadas en los meses de enero, febrero y marzo de 2021, cuando se trate de alquileres de locales realizado a determinados empresarios, siempre que se cumplan los requisito

Amounts intended for depreciation:Property acquired free of charge

The Supreme Court in its Ruling no. 1130/2021, of 15 September, has established as an interpretative criterion that, for the purposes of determining the depreciation applicable in the case of properties acquired free of charge by inheritance or donation, the acquisition cost paid will be the value of the property acquired in application of the rules on Inheritance or Gift Tax or its value ascertained in these taxes (excluding the value of the land), plus the expenses and taxes inherent to the acquisition corresponding to the construction and, where applicable, the total investments and improvements made to the property acquired.

Reductions of net income

Reduction for rental of residential property

Article 3.Two of Law 11/2021, of 9 July, on measures to prevent and combat tax fraud, with effect from 11 July 2021, amended Article 23.2 of the Law of IRPF to clarify the wording of the reduction for the rental of property used for housing, so that this reduction can only be applied to the positive net yield calculated by the taxpayer in his tax return or self-assessment, without being applied to the positive net yield calculated during the processing of a verification procedure.