The fiscal impact of COVID-19 in the leasing of real estate

Abstract

The goal of this study is to analise the fiscal impact of the main situations generated by the economic and health crisis derived from the COVID-19 in the leasing of real estate: the contract suspension and reductions, deferrals, forgiveness or defaults of some rental incomes. Specifically, after analyzing the nature of each of these circumstances, the taxation that should proceed will be detailed, highlighting the consequences and problematic questions that arise from each tax affected (the Personal Income Tax, the Corporation Tax and the Value Added Tax).