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V2703-21 ·8 November 2021 ·consulta-vinculante Medium impact
Tax

Right to main residence tax deduction maintained when replacing a mortgage loan

A taxpayer inquired whether they could retain the tax deduction for their main residence when replacing their current mortgage with a new one under better terms. The Directorate General for Taxes (DGT) ruled that replacing one loan with another does not extinguish the right to the deduction, provided the new loan is used to repay the previous one.

In 6 key points

How it affects those involved

This ruling provides legal certainty for taxpayers seeking to refinance their mortgages to obtain better interest rates or conditions without losing existing tax benefits related to their primary residence.

Lifecycle

2021-11-08PublishedPublished 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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