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V0865-21 ·13 April 2021 ·consulta-vinculante Medium impact
Tax

Debt repayments cannot be deducted once a property ceases to be a primary residence

A taxpayer inquired whether they could deduct a proportional part of a debt repayment made in December 2020, a period during which the property was no longer their primary residence. The DGT ruled that only the portion of payments made up until the moment the property ceases to be a primary residence is deductible.

In 5 key points

How it affects those involved

This ruling clarifies that the tax benefit for mortgage interest or debt repayment on a primary residence is strictly limited to the period during which the property maintains that specific tax status.

Lifecycle

2021-04-13PublishedPublished 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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