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Form 100. Personal Income Tax Return 2024

10.15.37. To allocate amounts to alleviate material damage to the habitual residence resulting from the storm

Amount

100% of the repair costs incurred to address the damage directly and decisively caused by the storm to the primary residence.

The eligible expenses are those incurred from the time of the catastrophe, that is, October 29, 2024, until December 31, 2025.

Requirements and conditions

  • The habitual residence must be located within the territorial scope of Decree Law 12/2024 of November 12, which will consist of all or, when specified, part of the municipal area of the municipalities included in the Final Annex of Agreement of the Consell, dated November 4, 2024, by which urgent measures are adopted to alleviate the damage caused by the storm that began on October 29, 2024 in the Valencian Community ( DOGV , 4-11-2024).

    The list of affected municipalities may be modified by resolution of the Ministry of Justice and the Interior, at the proposal of the management of AVSRE and must be published in the Diari Oficial de la Generalitat Valenciana.

  • The sum of the general taxable base and the savings taxable base cannot exceed 45,000 euros for individual taxation, nor 60,000 euros for joint taxation.

  • The maximum deduction will be €2,000, provided that the sum of the general taxable base and the savings taxable base is less than €40,000 for individual taxation, or less than €55,000 for joint taxation.

    When the sum of the general taxable base and the savings taxable base is between 40,000 and 45,000 euros for individual taxation, or between 55,000 and 60,000 euros for joint taxation, the deduction amounts and limits will be as follows:

    1. In individual taxation, the result of multiplying the maximum deduction amount by a percentage obtained by applying the following formula: 100 × (1 – the coefficient resulting from dividing by 5,000 the difference between the sum of the general taxable base and the taxpayer's savings and 40,000).

    2. In joint taxation, the result of multiplying the maximum deduction amount by a percentage obtained by applying the following formula: 100 × (1 – the coefficient resulting from dividing by 5,000 the difference between the sum of the general taxable base and the taxpayer's savings and 55,000).

  • Expenses and investments intended for the repair and maintenance of real estate or parts thereof used for economic activities, nor amounts paid through legal tender, will not qualify for this deduction.

  • When two taxpayers are entitled to apply this deduction, its amount will be prorated equally between them.

  • If the taxpayer does not have sufficient regional tax liability to apply all or part of this deduction in the period in which said right is generated, the undeducted amount may be carried over to the following four tax periods until the full amount is exhausted, if applicable.

Deduction base

The basis for this deduction will be amounts paid by credit or debit card, bank transfer, personal check, or deposit into bank accounts to cover the costs of repairing damage to the primary residence and the common elements of the property where it is located, to the extent not covered by current insurance policies.

Amounts allocated to the purchase of essential household goods are not considered to be included in this.

If taxpayers have received public aid intended to cover the same expenses, the amount received must be deducted from the deduction base.

In the event that the aid has been received by family units or cohabitation units made up of several taxpayers, the aid to be deducted from the deduction base will be allocated equally among all members of the family unit or cohabitation unit who, having the status of taxpayers due to having received income subject to tax, have incurred repair expenses to cover material damage to their habitual residence resulting from the storm, even if some of them were not taxpayers or were not entitled to the application of the deduction due to exceeding the income limits.

Completion

You must record: 

  • The amount paid for repair costs with the right to deduction.

  • The number of taxpayers filing the deduction.