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V1780-22 27 July 2022 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · deducción por inversión en vivienda habitual

Tax relief for principal residence may be applied to the proportional part of a loan used for housing

A taxpayer inquired whether the tax relief for investment in a principal residence should be calculated based on half of the amortised amount or half of the maximum base. The Directorate General for Tax (DGT) ruled that half of the amounts paid in relation to the loan used for the residence may be used.

The question raised

Being so, what is the amount that may form the deduction base for said deduction: half of 18,040 euros, i.e., 9,040 euros, or half of the maximum deduction base, established at 9,040 euros, which amounts to 4,520 euros.

The DGT's ruling

The annuities and amounts paid for a loan shall entitle the taxpayer to a deduction in the proportional part that of the total capital obtained has been allocated to the acquisition of the primary residence. In this case, as half of the principal has been allocated to the residence, the deduction base is configured with half of the amounts paid during the fiscal year linked to said loan. Therefore, of 18,040 euros amortized, the base is 9,040 euros.

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