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V2224-24 ·15 October 2024 ·consulta-vinculante Medium impact
Tax

Interest received as benefits in kind may be included in the main base for the primary residence tax deduction

An employee of a financial institution inquired whether the difference between market interest rates and preferential rates (received as benefits in kind) could be included in the base for the primary residence investment tax deduction. The Directorate General for Taxes (DGT) ruled that it is possible to include both interest paid and interest received as benefits in kind.

In 5 key points

How it affects those involved

This ruling clarifies that employees receiving preferential interest rates as part of their remuneration package can include the value of that benefit in their tax deduction calculations for primary residence investments.

Lifecycle

2024-10-15PublishedPublished 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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