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Form 100. Personal Income Tax Return 2024

10.5.11. For investment in primary residence

Amount

Each taxpayer may apply the following deduction percentages to the amounts paid during the tax period for the acquisition of the home that constitutes or will constitute their habitual residence:

  • 5% if the income (sum of the general tax base and savings) is less than 25,000 euros.

  • 3.5% if the income (sum of the general tax base and savings) is equal to or greater than 25,000 euros and less than 45,500 euros.

The percentages mentioned will be 5.5% and 4%, respectively, if the taxpayer is under 40 years of age.

Requirements and conditions

  • The deduction will be applied for the acquisition of the dwelling that constitutes or will constitute the habitual residence of the taxpayer under the same terms and with the same requirements demanded in the state tax regulations, in force as of January 1, 2012, for the application of the deduction for this concept.

  • Taxpayers will not lose their right to deduct the amounts paid from their full regional personal income tax (IRPF) even if their primary residences were destroyed by the La Palma volcanic eruption. They may apply this deduction to any amounts they continue to pay.

Maximum base

The base of the deduction will be reduced by the amount of aid granted by public authorities in the tax period in question, which covers all or part of the expenses that give rise to the deduction, provided that the aid is considered exempt income for personal income tax purposes.

The maximum base for this deduction will be 6,000 euros per year per taxpayer.

Joint deduction limit

The sum of the amount of this deduction together with the regional deductions "For amounts allocated by their owners to the restoration, rehabilitation or repair of real estate declared of Cultural Interest", "For energy rehabilitation works of the habitual residence" and "For works to adapt the habitual residence by people with disabilities" may not exceed 15% of the regional total quota.

Completion

You must record the amounts invested, taking into account that this amount must be reduced by the amount of aid granted by public administrations to cover the expense when they are considered exempt income.