Skip to content
Back to index
V1332-18 22 May 2018 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · deducción por inversión en vivienda habitual

Mortgage cancellation costs may be included in the main residence investment tax relief

A query was raised regarding whether notary and registry fees incurred during the cancellation of a mortgage can be deducted for main residence investment. The Directorate General for Taxes (DGT) has ruled that it is possible to include these costs in the deduction base.

The question raised

To determine whether the notary and registry expenses deriving from the formalization of the public deed of cancellation of the mortgage loan, which financed the acquisition of the primary residence, may form part of the base for the deduction for investment in the primary residence and, where applicable, to determine the tax period to which the application of the aforementioned deduction regarding the referred expenses would correspond.

The DGT's ruling

Mortgage cancellation expenses are included in the base for the deduction for investment in the primary residence, provided that regulatory requirements and documentary justification are met. This deduction shall be applied in the tax period in which such amounts were paid, regardless of the fiscal year in which the last annuity of the loan matured.

Book your free first meeting