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V2092-14 31 July 2014 · SG de Impuestos sobre la Renta de las Personas Físicas Criterion in force
IRPF · cuenta vivienda

Right to housing account deduction may be maintained by applying balance to the acquired property

The applicant asks whether the balance of a housing account opened in 2010 can be used to pay for part of a property acquired in 2012, before the four-year period has elapsed. The DGT rules that this is possible provided the entire balance is allocated to the acquisition or construction of the primary residence within four years of the account's opening.

The question raised

Whether the balance of the housing account may be allocated to satisfy part of the acquisition cost in the year 2014, provided it occurs before four years have elapsed from the date of its opening.

The DGT's ruling

To preserve the right to deductions made on behalf of a housing account, the taxpayer must realize the entire balance in the first acquisition, construction, or renovation of the primary residence within a period of four years from its opening. Although the deduction for investment in the primary residence was abolished in 2013, taxpayers with accounts opened before that date may maintain the right to the deductions already applied if they comply with the realization of the balance and the requirements of the regulations in force as of December 31, 2012.

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