Brushless doubly fed induction machine (BDFIM) which is able to operate in both induction mode and synchronous mode, has received increasing attention of researchers, in the last three decades. It could be considered as an emerging competitor for older structures, due to the substantial features such as brushless structure and requiring a fractionally rated frequency converter. The iron loss which constitutes a significant portion of total power losses is higher in BDFIM in contrast with standard induction machine. Even though it is essential to consider the iron loss effect on dynamic behavior of BDFIM, there is still no comprehensive study in the literature. The aim of this paper is to propose a dynamic model of BFIM in general reference frame in which the iron loss is taken into account. This model which is credible for all BDFIM operation modes including synchronous one, facilitates the performance analysis of BDFIM and implementation of the various control techniques. The supplementary simulations and experiments confirm that the proposed model is an appropriate candidate for BDFIM drives. Because of the complex structure of BDFIM, determination of the iron loss isn't straightforward. In this paper, a practical approach is introduced to calculate the iron loss of BDFIM in terms of frequency variations. The experimental data derived from a D132s prototype BDFIM is then compared with the calculated data from the finite element analysis (FEA).