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Form 100. Personal Income Tax Return 2024

10.5.24. For expenses in credit insurance premiums to cover non-payments of rental income

Amount

75% of the expenses paid during the year in the form of credit insurance premiums that cover all or part of the non-payment of rent to which the taxpayer is entitled by reason of the leasing of a property to a third party for housing purposes with a maximum of 150 euros per year in both individual and joint taxation.

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.

Requirements

  • That the leased property is located in the territory of the Canary Islands.

  • That the duration of the housing lease contract with the same tenant is equal to or greater than one year.

  • That the deposit of the bond has been constituted in favor of the competent body of the Administration of the Autonomous Community of the Canary Islands.

  • That the taxpayer declares in the personal income tax the income derived from the rental income of the home as income from real estate capital.

  • The landlord must be up to date with their tax obligations and identify the tenant and the property's cadastral reference number on their personal income tax returns.

  • That the monthly rental amount does not exceed 800 euros.

Completion

For each lease, you must reflect:

  • The amount paid for insurance premiums, 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.

  • The tenant's NIF (Tax Identification Number) or the identification number of the country of residence if the tenant does not reside in Spain and does not have a Spanish NIF (Tax Identification Number).

  • The cadastral reference of the rented property; otherwise, the box provided for this purpose will be checked.

The program will transfer the data to Annex B.10 of the declaration.