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V2642-22 ·27 December 2022 ·consulta-vinculante Medium impact
Tax

Mortgage interest relief is only deductible while the property remains a primary residence

The taxpayer inquired whether they could continue to claim tax relief for investment in their primary residence after renting out their home in July 2022. The Directorate General for Taxes (DGT) ruled that only amounts paid while the property maintains its status as a primary residence are deductible.

In 5 key points

How it affects those involved

Taxpayers who rent out their former primary residence will lose the ability to claim mortgage interest deductions from the moment the property ceases to be their main home.

Lifecycle

2022-12-27PublishedPublished 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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