Personal Income Tax Act, Arts 42 and 43 and Social Security Act Royal Legislative Decree 8/2015, Art 147 explain how benefits-in-kind are assessed.
Accommodation
The provision of housing by an employer will be valued depending on who is the owner of the property:
| Ownership | Valuation |
| Building is owned by the employer | The valuation will be 10% to the cadastral value or 5% if that value was revised. The valuation may not exceed 10% of the remaining remuneration |
| Property is not owned by the employer | The valuation is the cost of the property (including taxes). The valuation cannot exceed 10% of the rest of remuneration |
Company car
The valuation method depends on the ownership:
| Ownership | Valuation |
| The employer gives the vehicle to the employee (ie employee becomes its owner) | The benefit is valued at the acquisition cost of the asset, including expenses and taxes. |
| The employer makes a vehicle available to the employee | 20% of the annual acquisition |
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Web page updated on 17 Mar 2025 15:39