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Form 100. Personal Income Tax Declaration 2018

7.4.1. Imputation of real estate income. Cases in which the imputation proceeds

The owners of real estate or the holders of real rights of use or enjoyment that fall on them must allocate real estate income when the following circumstances occur:

  1. That they are considered real estate of an urban nature in accordance with article 7 of the consolidated text of the Real Estate Cadastre Law or that they are rural properties with constructions that are not essential for the development of agricultural, livestock or forestry operations.

  2. That they are not involved in economic activities

  3. That the properties do not generate capital returns; That is to say, they are not leased nor have any other transfer of use by price occurred.

However, the imputation for the following properties is not applicable:

  • The main home.

  • The unbuilt land.

  • Properties under construction.

  • Properties that for urban reasons are not suitable for use.