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Form 100. Personal Income Tax Return 2024

10.12.22. For the acquisition of habitual residence in municipalities at risk of depopulation

Amount

10% of the purchase price of the home.

The purchase price of the home will be considered the actual amount for which the property is purchased plus the expenses and taxes inherent to the acquisition (such as direct and indirect taxes, registration, notary fees, etc.), excluding any interest paid by the taxpayer.

The costs incurred in applying for and obtaining a mortgage loan to finance the purchase will not be included in the purchase price.

The amount of the deduction will be prorated by tenths and will be applied in the tax period in which the acquisition occurs and the following nine tax periods, without the applicable annual deduction being able to exceed 1,546.50 euros in both individual and joint taxation.

In cases where amounts are invested in several tax periods in the acquisition of a home under construction , the amount of the deduction corresponding to each investment will be prorated by tenths and will be applied in the tax period in which said investment is made and the nine following tax periods without the applicable annual deduction being able to exceed 1,546.50 euros both in individual and joint taxation.

Requirements and conditions

  • The deduction applies to home purchases made on or after January 1, 2024.

    The deduction also applies to investments made in the purchase of a home under construction, that is, prior to the legal acquisition of the home, provided the investment is made on or after January 1, 2024.

  • The taxpayer must be under 35 years of age.

  • The property must be used as the taxpayer's habitual residence.

  • The property must be located in a municipality in the Community of Madrid with a population of less than 2,500 as of January 1 of the year prior to the accrual of the deduction, according to data published by the INE (National Institute of Statistics and Census).

    You can consult the official population figures for Spanish municipalities in accordance with the Local Government Basic Law ( art. 17) at the following link: Madrid: Population by municipality and sex

  • The taxpayer must maintain their habitual residence in said municipality and their home during the tax period in which the acquisition or completion of the works takes place and in the following three tax periods.

  • The concept of habitual residence is defined in the Personal Income Tax Law.

  • The taxpayer's tax base (the sum of the general tax base and the savings tax base) and that of the other members of the family unit does not exceed the amount resulting from multiplying 30,930 euros by the number of members in the family unit.

    If it is a conjugal family unit (as regulated in article 82.1.1 of the Personal Income Tax Law), all members of the family unit integrated into it will be counted, regardless of whether or not they opt for the joint tax regime and whether or not they are required to file a return.

    If the family unit is single-parent or non-conjugal, all members of the family unit that theoretically correspond to each taxpayer must be taken into account, in accordance with the provisions of article 82.1.2 of the Personal Income Tax Law, regardless of whether or not they choose to pay taxes under the joint tax regime and whether or not they are required to file a return.

Failure to meet any of the required conditions will result in the loss of the right to the deduction, and adjustments will be made in accordance with the provisions of state personal income tax regulations.

Completion

If the sum of the general and savings tax bases of all members of the family unit of which the taxpayer may be a part exceeds the result of multiplying 30,930 euros by the number of them, he or she is not entitled to the deduction and therefore should not reflect data in this window.

Otherwise, you will complete section A or B.

  1. Acquisition of habitual residence

    • Purchase price of the primary residence corresponding to the holder of the declaration.

    • Year of acquisition of the home.

  2. Acquisition of housing under construction

    In the case of construction, the amount paid during construction on account of the final purchase price and the remaining amount paid at the time of legal acquisition of the constructed home will be recorded.

    • Amounts invested in 2024

    • Remaining amount paid at the time of legal acquisition of the constructed home

    • Year of acquisition of the home

The number of members in the family unit.