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V0469-26 ·27 February 2026 ·consulta-vinculante Medium impact
Tax

Only the portion of the new loan attributable to the original home loan is deductible

A taxpayer asks whether they can deduct the full amount of new instalments when replacing their mortgage with a new one for renovations. The DGT responds that only the portion proportional to the original purchase loan is deductible.

In 6 key points

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2026-02-27PublishedPublished 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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