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Form 100. 2020 Personal Income Tax Return Declaration

10.5.6. For cash donations to descendants or adopted children under 35 years of age for the acquisition or rehabilitation of their first habitual residence

For donations of amounts to descendants for the acquisition, construction or rehabilitation of their first habitual residence, the following deductions are established:

  1. Taxpayers with habitual residence in the Canary Islands who make a cash donation to their descendants or adopted children under thirty-five years of age for the acquisition or rehabilitation of the recipient's first habitual residence in the Canary Islands, may deduct 1 per 100 of the amount donated, with a limit of 240 euros for each recipient.
  2. When the donations are intended for descendants or adoptees under 35 years of age with a degree of disability equal to or greater than 33 percent, the deduction will be 2 percent of the amount of the amount donated. with the limit of 480 euros for each donee.
  3. When the donations are intended for descendants or adoptees under 35 years of age with a degree of disability equal to or greater than 65 percent, the deduction will be 3 percent with a limit of 720 euros.

For these purposes, the rehabilitation must meet the conditions established by regulation.

For the purposes of this deduction, the following equivalences are established:

  • Persons subject to permanent or pre-adoptive foster care will be treated as adopted persons.

  • People who undertake permanent or pre-adoptive foster care will be treated as adopters.

Requirements

  1. To apply the deduction, the requirements set out in the Inheritance and Gift Tax for the reduction of the taxable base corresponding to the donation of cash amounts for the acquisition or rehabilitation of the habitual residence in the Canary Islands must be met.

  2. A habitual residence will be considered as the one understood for such purposes in the Personal Income Tax regulations, with the construction of the residence being equivalent to acquisition, but not its extension.

Completion

Through a data capture window you must indicate for up to three descendants:

  • The amount donated.

  • When donations are intended for descendants or adopted children with disabilities, the degree of disability must be selected.