Reduced net yield
The reduced net return on the real estate capital corresponding to each of the properties producing said returns is, in general, the result of making the reductions that correspond to those previously mentioned on the net return. and which are then represented in the following diagram:
(=) PREVIOUS NET PERFORMANCE
(-) Reduction for rental housing (60 %), only applicable:
- In the case of properties intended for housing.
- For positive net returns that have been calculated by the taxpayer in a self-assessment submitted before a data verification procedure has been initiated, verification limited or inspection that includes in its purpose the verification of such performance.
(-) Reduction of income with a generation period of more than two years or obtained in a notoriously irregular manner when attributed in a single year (30%).
- Maximum reduction base: 300,000 euros.
- Transitory rules: fractional perception of returns prior to 1-1-2015.
(=) REDUCED NET INCOME
When the acquirer, assignee, lessee or sublessee of the real property or the real right that rests on it is a family member, in the terms previously mentioned, the reduced net return will be the greater of the following two amounts:
-
Net income corresponding to the lease or transfer of the property, once the reductions that come from those previously mentioned have been applied to it, if applicable.
-
The minimum computable return for the aforementioned property in case of relationship.
Example:
Don SPT It has rented a commercial premises and two homes that it owns throughout the year, raising the respective full income and deductible expenses for fiscal year 2022 to the following amounts:
| Information | Housing 1 | Housing 2 | Premises |
|---|---|---|---|
| Full income | 6,865.00 | 7,980.00 | 10,230.00 |
| reparation and conservation | 2,150.00 | 9,210.00 | 5,890.00 |
| Taxes, surcharges and fees ( IBI ) | 500.00 | 900.00 | 350.00 |
| Community of owners | 580.00 | 1,385.00 | 540.00 |
| Depreciation of real estate (*) | 200.00 | 300.00 | 320.00 |
Determine the reduced net return on real estate capital for the year 2022.
Solution:
1. Determination of the net return on real estate capital of leased properties.
| Information | Housing 1 | Housing 2 | Premises |
|---|---|---|---|
| Full income | 6,865.00 | 7,980.00 | 10,230.00 |
| reparation and conservation | 2,150.00 | 7,980.00 (1) | 5,890.00 |
| Taxes, surcharges and fees (IBI) | 500.00 | 900.00 | 350.00 |
| Community of owners | 580.00 | 1,385.00 | 540.00 |
| Depreciation of real estate | 200.00 | 300.00 | 320.00 |
| Net performance | 3,435.00 | –2,585.00 | 3,130.00 |
2. Reduction on the income derived from the rental of homes 1 and 2:
| Information | Housing 1 | Housing 2 |
|---|---|---|
| Net performance | 3,435.00 | –2,585.00 |
| Reduction of article 23.2 Law Personal Income Tax | 2,061.00 | 0.00 (2) |
| Reduced net yield | 1,374.00 | –2,585.00 |
3. Sum of reduced net returns on real estate capital: [1,374.00 + (–2,585.00) + 3,130.00] = 1,919.0
Notes to the example:
(1) The total amount to be deducted for the repair and conservation expenses of "home 2" cannot exceed the amount of the full income obtained by said home. The excess (9,210 – 7,980 = 1,230) may be deducted in the following four years, without the deduction being able to exceed, together with the expenses for these same concepts corresponding to each of these years, the amount of the full income obtained by the rental of said home. Return)
(2) The 60 percent reduction is applied in the event that the net return derived from the home is positive, so in this case, since the net return derived from the property or negative right, the reduction will not be applicable. (Back)