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V0414-25 ·20 March 2025 ·consulta-vinculante Medium impact
Tax

Right to home ownership deduction maintained if mortgage cancelled and new one taken out simultaneously

The consultant asks whether the right to deduct home ownership investment is preserved when cancelling an existing mortgage and taking out a new one. The DGT responds that if cancellation and new mortgage are carried out in a single transaction, the deduction right is not lost.

In 6 key points

How it affects those involved

Taxpayers can retain the home ownership investment deduction when cancelling and taking out a new mortgage in the same operation.

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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