Return on real estate property

Deductible expenses for determining net income

Article 15 of Royal Decree-Law 35/2020, of December 22, on urgent measures to support the tourism, hospitality and commerce sectors and in tax matters (BOE of the 23rd) reduces in the years 2020 and 2021 from six to three months the period for the amounts owed by tenants to be considered as doubtful debt and to be deductible from the gross income of real estate capital.

Likewise, the possibility is established that this period may be modified by regulation.