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To which properties is real estate income imputed?

Which properties generate income tax and which do not

Allocation of income from real estate is conditional on the buildings meeting the following requirements:

  1. That it is urban real property and is not used for the purpose of conducting any economic activities.

  2. That these are rustic properties with buildings that are not essential for the development of agricultural, forestry or livestock operations, not affected by economic activities.

  3. That no capital gains are generated resulting from the rental of real property, businesses or mines or from the establishment or transfer of rights or powers of use or enjoyment over real properties.

  4. That they do not constitute the principal residence of the taxpayer. For this purpose, it is understood that the parking spaces acquired along with the building are part of the taxpayer's principal residence, up to a maximum of two.

  5. That the property is not land without any buildings, or with buildings under construction, or buildings which, for city planning reasons, cannot be used.

The granting of the right to use parking spaces for residents does not generate the imputation of real estate income, as said concession does not constitute a real right.