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Form 100. Personal Income Tax Return 2024

10.5.5. For moving the habitual residence to another island of the archipelago to carry out an activity as an employee or an economic activity

Amount

Taxpayers who move their habitual residence from the island where they reside to any of the other islands in the archipelago to carry out an employed or economic activity may apply a deduction of in the tax period in which the change of residence occurs and in the following one.

Requirements and conditions

  1. The taxpayer must remain on the destination island during the year in which the transfer takes place and the following three years.

  2. If the transfer occurs in this fiscal year, the sum of the general tax base and the savings tax base cannot exceed 45,500 euros for individual taxation or 60,500 euros for joint taxation.

    If the transfer occurred in the previous year, taxpayers whose sum of the general tax base and savings, in the year of the transfer, does not exceed 39,000 euros in individual taxation or 52,000 euros in joint taxation will be entitled to apply the deduction.

  3. Failure to comply with the conditions of the deduction will result in the integration of the deducted amounts into the autonomous community's total tax rate for the year in which the failure occurs, with the corresponding late payment interest.

Limit

The deduction will be limited to the regional portion of the total tax rate derived from work income and economic activities in each of the two years in which the deduction is applicable.

In the case of joint taxation, the €300 deduction will be applied, in each of the tax periods in which the deduction is applicable, for each taxpayer who changes their residence, up to the limit of the regional portion of the full tax from employment and economic activity income corresponding to the taxpayers who qualify for the deduction.

Completion

Depending on the year in which the transfer took place, you will check the corresponding box.