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Calculation of income from the rental of a property (home, commercial premises, garage, holiday apartment)

Applicable income, expenses and reductions

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Full returns

Earnings from real estate are calculated by subtracting deductible expenses from the full income and applying specific reductions, if applicable, to this figure.

The following are considered full earnings from real estate:

  • Those derived from the leasing, constitution or transfer of rights or powers of use of rural or urban properties, or their rights in rem , when they are owned by the taxpayer, and which are subject to financial activities carried out by said taxpayer.

  • Amounts received for other assets, such as furniture and fittings.

In the case of subleases:

  • the sums earned by the sublessor will not be considered earnings from real estate, but rather from liquid capital.

  • the owner's share in the price of the sublet is considered to be earnings from real estate, though no reductions need be applied to the net earnings.