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Form 100. Personal Income Tax Return 2022

10.5.26. For the temporary and free transfer of use of properties located on the island of La Palma

Amount

200 euros for each of the complete months of the year in which they carry out, on a precarious basis, the temporary and free transfer of use of properties located on the island of La Palma, with a maximum limit of 1,500 euros, both in individual and joint taxation.

Requirements and conditions

  • The transfer of use must be of the entire property, not a part, for full months (from 1 to 30 or 31) and for a minimum period of 3 months determined from date to date.

    If the transfer period is longer than 3 months but in any of the months the transfer is not complete, the deduction will only apply for the complete months.

  • The beneficiary must be any person or entity that has lost a property, due to it having been destroyed or having become uninhabitable or inaccessible as a result of the volcanic eruption that began on September 19, 2021, and must prove its existence and ownership, as owner, usufructuary or bare owner, by any means of proof admitted by law.

  • The property must be used as a home or for the development of an economic, health, educational, scientific, cultural, social, sporting or religious activity, and cannot be transferred to third parties.

  • When there are several owners of the property, whether as owners, usufructuaries or bare owners, the amount of the deduction will be prorated among them in proportion to their percentage of ownership.

 Limit

This deduction will be limited to 35% of the total regional quota.

Completion

For each property, it will indicate the number of months that it has been transferred, the code that corresponds to the right that it holds over the property and the percentage that it holds of each of them.

If you are the owner and usufructuary and/or bare owner of the same property, you will separately record, by registering the same property, the percentage you hold over each of these rights.

If you have transferred more than one property, you will have to register it by clicking on "Register". The data relating to it will be entered below.