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V1040-20 ·24 April 2020 ·consulta-vinculante Medium impact
Tax

Housing mortgage interest deductions exceeding the maximum limit cannot be carried forward to future tax years

A taxpayer inquired whether mortgage interest deductions for a primary residence that exceed the annual limit of €9,040 can be deducted in subsequent years. The Directorate General for Taxes (DGT) ruled that such a carry-forward is not permitted.

In 5 key points

How it affects those involved

Taxpayers cannot offset excess mortgage interest deductions from a single year against future tax liabilities, even if the total amount exceeds the statutory cap.

Lifecycle

2020-04-24PublishedPublished 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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