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V1283-14 ·13 May 2014 ·consulta-vinculante Medium impact
Tax

Fixed-term deposits may qualify as housing accounts for main residence investment tax relief

A taxpayer inquired whether a fixed-term deposit could serve as a housing account to claim tax relief for investment in a future main residence. The Directorate General for Taxes (DGT) confirmed this is possible, provided the requirements of separation, exclusivity, and specific purpose are met, though it noted that this tax relief was abolished for new deposits made after 2013.

In 6 key points

How it affects those involved

The ruling clarifies the eligibility of specific financial products for tax relief under transitional regimes, emphasizing strict compliance with fund separation and purpose requirements.

Lifecycle

2014-05-13PublishedPublished 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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