Usufruct valuation · LISD art. 26
Calculate the value of a life or fixed-term usufruct and the corresponding bare ownership. Used for inheritance distributions, donations, and family-home arrangements.
- · LISD art. 26 + RD 1629/1991 art. 49
- · Universal Spanish rule · all CCAAs
- · Free for an estate planning conversation
Pricing
Usufruct calculation + advisory
Valuation + tax-impact memo
€89/ valuation
- · Life or fixed-term valuation
- · Bare ownership figure for the corresponding heir
- · Tax-impact memo for ISD form 650
- · Optional notary coordination
Usufruct FAQ
- What is a usufruct?
- The right to use and earn from an asset (a flat, a portfolio, a savings account) without owning it. The owner without use is the bare owner (nudo propietario). Usufruct + bare ownership = full ownership.
- How is the life-usufruct value calculated?
- (89 − usufructuary's age) %, with a 10 % floor and 70 % ceiling per LISD art. 26. So a 50-year-old has a 39 % usufruct; a 19-year-old (or younger) has the 70 % maximum; an 80-year-old (or older) has the 10 % minimum.
- Difference between usufruct and bare ownership?
- Usufruct = use + income · bare ownership = title without use. Both are valued separately for ISD/IRPF and they consolidate when the usufruct ends (death or term expiry) — the bare owner inherits the usufruct value tax-free.
- Who pays the taxes: usufructuary or bare owner?
- On constitution: each pays ISD on their respective value. On annual income: the usufructuary (rent, dividends). On the property tax (IBI): typically the usufructuary. On the eventual sale: both consent + share the gain proportionally.
- Can I sell the usufruct?
- Yes — unless the deed prohibits it. The sale price is the usufruct value at the time, and the buyer assumes the same rights and duties for the remaining term.