10.8.11. For investment in rehabilitation of housing intended for rent

Taxpayers will be able to deduct 15 percent of the amounts invested in housing rehabilitation projects.

Requirements

1. The concept of housing rehabilitation is included in article 20.1.22.B of Law 37/1992, of December 28, on Value Added Tax, or the law that replaces it. For the purposes of the provisions of said article, building rehabilitation works are those that meet the following requirements:
   • That its main objective is the reconstruction of the same, understanding that this requirement is met when more than 50 percent of the total cost of the rehabilitation project corresponds to works of consolidation or treatment of structural elements, facades or roofs or with works similar or related to rehabilitation.
   • That the total cost of the works referred to in the project exceeds 25 percent of the purchase price of the building if it had been carried out during the two years immediately prior to the start of the rehabilitation works or, otherwise, of the market value of the building or part thereof at the time of said start. For these purposes, the proportional part corresponding to the land will be deducted from the purchase price or market value of the building.
2. The home must be located in a town in Castilla y León that, at the time of acquisition or rehabilitation, does not exceed:
   • 10,000 inhabitants in general or
   • 3,000 inhabitants if it is less than 30 kilometers from the provincial capital

3. The value of the property, for the purposes of the tax levied on the acquisition, must be less than 135,000 euros.

4. Other conditions for the application of the deduction:

   • That during the five years following the completion of the rehabilitation work, the home is rented to persons other than the spouse, ascendants, descendants or relatives up to the third degree of kinship (both collateral by consanguinity and by affinity) of the owner of the home.
   • That, if during the five years provided for in the previous letter, there are periods in which the property is not actually rented, the property is offered for rent. With effect from July 12, 2019, Order EYH/668/2019 establishes the requirements that the rehabilitated home must meet to consider it being offered for rent:
     • The lease must be advertised or announced through one of the following means: signs on the property itself, advertising media including specific Internet portals, real estate agencies and real estate agents.
     • Properties offered for rent may not be actually occupied during the period of time in which they are offered for rent. The consumption of supplies associated with the use of the home, such as electricity, water, gas and/or telephone, must show that the home is not occupied during this period of time.
   • That the monthly rent amount does not exceed 300 euros. The monthly rent amount will be the rent freely stipulated by the parties, and for the concepts agreed upon. Unless otherwise stipulated in the contract, the general expenses of the home, such as IBI, municipal taxes, community fees, etc., will be borne by the landlord, in accordance with the civil regulations governing the matter; If the transfer of these expenses is agreed in the rental contract, they will be borne by the tenant and will form part of the rental amount.
   • That the legal rental deposit is deposited in accordance with the provisions of the applicable regulations.

   Maximum deduction base

   The basis of this deduction will be constituted by the amounts actually paid by the taxpayer to carry out the rehabilitation actions, with a maximum limit of 20,000 euros , both in individual and joint taxation.

   Population units with more than 10,000 inhabitants or with more than 3,000 inhabitants that are less than 30 km from the provincial capital.

   Population Unit	INE code
   AVILA	05019000301
   ARANDA DE DUERO	09018000201
   BURGOS	09059000101
   MIRANDA DE EBRO	09219001101
   ASTORGA	24008000101
   BAÑEZA (THE)	24010000101
   LEON	24089000201
   ARMUNY	24089000101
   PONFERRADA	24115002102
   SAN ANDRES DEL RABANEDO	24142000501
   WORK OF THE ROAD	24142000801
   VIRGIN OF THE ROAD (THE)	24189000801
   NAVATEJERA	24222000301
   VILLAOBISHO OF THE REGUERAS	24222000701
   BATHROOMS FOR SALE	34023000301
   PALENCIA	34120000101
   Dawn of Tormes	37008000101
   BÉJAR	37046000101
   GOAT HERDS	37067000401
   CARBAJOSA OF THE SACRED	37085000101
   RODRIGO CITY	37107000301
   SALAMANCA	37274000201
   SANTA MARTA DE TORMES	37294000201
   VILLAMAYOR	37354000101
   Villares of the Queen	37362000301
   LASTRILLA (THE)	40112000101
   SAN ILDEFONSO	40181000201
   SEGOVIA	40194000601
   SORIA	42173000401
   ARROYO DE LA ENCOMIENDA	47010000101
   CIGALES	47050000101
   CISTERNIGA	47052000101
   LAGUNA DE DUERO	47076000301
   MEDINA DEL CAMPO	47085000201
   SANTOVENIA OF PISUERGA	47155000101
   TORDESILLAS	47165000501
   TUDELA DE DUERO	47175000301
   VALLADOLID	47186000501
   ZARATAN	47231000101
   BENAVENTE	49021000101
   ZAMORA	49275000201

   Completion

   The amounts invested with the right to deduction for each taxpayer will be included in the box provided for this purpose.