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V0383-25 ·20 March 2025 ·consulta-vinculante Medium impact
Tax

Right to deduction for home ownership investment maintained if mortgage is cancelled and renewed simultaneously

A taxpayer asks whether they can continue deducting mortgage payments if they switch banks by cancelling their current loan and taking out a new one. The DGT responds that the right to deduction is not lost if cancellation and renewal occur in the same transaction.

In 6 key points

How it affects those involved

Taxpayers who switch banks by cancelling and renewing their mortgage in a single transaction retain the right to deduct mortgage payments under the home ownership investment rule.

Lifecycle

2025-03-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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