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Calculation of imputed income

How imputed income is quantified

Allocation of the income from each urban building is calculated using the following percentages:

  1. As a general rule, the applicable value shall be 2% of the assessed value of the building, as shown on the IBI receipt.

  2. 1.1% in the following cases:

    1. Properties whose cadastral values have been revised, modified or determined through a general collective valuation procedure, in accordance with cadastral regulations and have come into force in the tax period or within the period of the ten previous tax periods.

      From 1 January 2023, this percentage will apply to properties whose cadastral values have been revised, modified or determined by means of a general collective valuation procedure, in accordance with cadastral regulations, provided that they have come into force on or after 1 January 2012.

    2. Property which, on the date on which the tax accrued (normally 31 December), had no land register value or the value had not been notified to the owner. In this case the percentage of 1.1% will be applied to 50% of the higher of the following values:

      • The price, consideration or acquisition value of the property.

      • The value of the property verified by the Administration for the purposes of other taxes.

    On the amount resulting from the application of the percentage which, in each case, does not give rise to the deduction of any type of expense

    When ownership of a real property is held jointly by several people, allocation of any income obtained deriving from said property shall be considered to be proportionate to the stake of each person in the ownership. If there is joint ownership and usufruct, the rent is imputed to the usufruct.

    Where a property has been available to its owners or usufruct for only part of the year, the attributable income shall be that which corresponds proportionally to the number of days comprised in that period.

    For rights in rem in the form of a timeshare of a property, allocation must be calculated by the holder of the right in rem, applying a percentage of 2% or 1.1%, as applicable, to the result of prorating the assessed value of the property in accordance with the annual duration of the period of use. if this is less than two weeks per year, no income taxes shall be made.