Skip to content
V1053-21 ·21 April 2021 ·consulta-vinculante Medium impact
Tax

Full deduction of early mortgage repayment possible if made before ceasing to reside in the main residence

A taxpayer inquired whether they could deduct the full amount of an early repayment on their main residence in the same year they change their residence. The Directorate General for Taxes (DGT) ruled that all amounts paid may be deducted, provided they are paid while the property retains its status as the taxpayer's main residence.

In 5 key points

How it affects those involved

This ruling clarifies the timing requirements for tax deductions related to mortgage repayments, ensuring taxpayers can benefit from deductions if the repayment occurs before the property ceases to be their primary home.

Lifecycle

2021-04-21PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

Does this provision affect you?

The tax team reviews your specific situation.

Talk to the tax team
This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
Email
Contact