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Form 100. Personal Income Tax Return 2024

10.5.3. For amounts allocated by their owners to the restoration, rehabilitation or repair of real estate declared of cultural interest

Amount

10% of the amounts allocated by the owners of real estate located in the territory of the Canary Islands to the restoration, rehabilitation or repair of the same.

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 deduction limit is 10% of the full regional quota

Requirements and conditions

  • Real estate must be registered in the Canary Islands Registry of Assets of Cultural Interest or affected by the declaration of Asset of Cultural Interest, being necessary, in this case, that the properties meet the conditions determined by regulation.

  • Restoration, rehabilitation or repair works must be authorized by the competent body of the Autonomous Community or, where appropriate, by the corresponding island council or town hall.

  • The sum of the amount of this deduction together with the regional deductions "For investment in habitual residence", "For energy rehabilitation works of habitual residence" and "For works to adapt habitual residence by persons with disabilities" may not exceed 15% of the total regional quota.

Completion

In the data capture window, you will enter the amounts paid 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.