Minimum computable income in case of kinship
Regulations: Articles 24 and 85, Additional Provision fifty-fifth Law IRPF
When the purchaser, assignee, lessee or sub-lessee of the real estate or the real right that falls on it, is the spouse or a relative of the taxpayer, including those by marriage, up to the third degree inclusive, the total computable net income may not be less than the amount that would result from the application of the special regime of imputation of real estate income to the real estate or real right in question.
According to this special regime, the minimum total net return may not be less than that resulting from applying:
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2 percent to the cadastral value corresponding to the property in each tax period.
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1.1 percent of the cadastral value during 2023 if it concerns urban properties located in municipalities in which the cadastral values have been revised or modified, or determined through a general collective valuation procedure, in accordance with the cadastral regulations, provided that they have come into force as of January 1, 2012.
New in 2023: Please note that article 66 of Law 31/2022, of December 23, on the General State Budget for the year 2023, adds a new fifty-fifth Additional Provision to the Personal Income Tax Law that allows during the 2023 tax period to apply the imputation percentage of 1.1 percent provided for in article 85 of this law to properties whose cadastral values have been reviewed, modified or determined through a general collective valuation procedure, in accordance with cadastral regulations, provided that they have come into force on or after January 1, 2012.
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The percentage of 1.1 per 100 will also be applied in the event that, on the date of accrual of the personal income tax (normally December 31), the property has no cadastral value or said value has not been notified to its owner, although said percentage will be applied to 50% of the highest of the following values:
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Value verified by the Administration for the purposes of other taxes.
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The price, consideration or value of the acquisition.
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If there are several tenants of the property, this special regime applies to the part of the net income that corresponds to family members who have the legally established degree of kinship.
If the net income corresponding to the lease or transfer of the property, once the previously mentioned reductions have been applied to it, if applicable, is less than the minimum income, this last amount will be recorded in box [0152] of the declaration.