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V2094-24 ·26 September 2024 ·consulta-vinculante Medium impact
Tax

Energy efficiency tax deduction applies to amounts paid for works, regardless of financing

The applicant asks whether annual loan repayments can be used to claim the energy efficiency tax deduction. The Directorate General for Tax (DGT) rules that the deduction base is comprised of the actual amounts paid for the execution of the works, irrespective of whether external financing is used.

In 6 key points

How it affects those involved

This clarification confirms that the tax deduction is based on the actual expenditure incurred for the works rather than the total cost of the project or the loan repayment schedule, which may affect the timing and amount of the tax relief claimed.

Lifecycle

2024-09-26PublishedPublished 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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