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Specific Income Tax Manual 2023 for people over 65 years of age

Autonomous Community of the Balearic Islands

For renting a habitual residence in the territory of the Balearic Islands

Regulations: Art. 3 bis Consolidated Text of the Legal Provisions of the Autonomous Community of the Balearic Islands regarding Taxes Transferred by the State, approved by Legislative Decree 1/2014, of June 6

Amounts and maximum limits of deductions

  • 15% of the amounts paid in the tax period for the rental of a habitual residence in the territory of the Balearic Islands in the case of taxpayers who, on the date of accrual of the tax, are over 65 years old and do not carry out any work or professional activity .

  • The maximum amount of the deduction will be 530 euros .

Requirements and other conditions for the application of the deduction

  • That it is the lease of the taxpayer's habitual residence , effectively occupied by the taxpayer, and that the duration of the lease contract is equal to or greater than one year.

  • That, for at least half of the tax period, neither the taxpayer nor any of the members of his family unit are owners of full ownership or a real right of use or enjoyment, of another home distant less than 70 kilometers from the rented home , except in cases where the other home is located outside the Balearic Islands or on another island or generated, by the taxpayer or the rest of the members of your family unit, income from real estate capital during the same tax period.

  • That taxpayer is not entitled in the same tax period to any deduction for investment in primary residence.

  • That the sum of the general tax base and the tax base of the taxpayer's savings , boxes [0435] and [0460] of declaration , do not exceed the following amounts:

    • 33,000 euros in individual taxation.

    • 52,800 euros in joint taxation .

  • In the case of joint taxation , only taxpayers integrated into the family unit who meet the established conditions and for the amount of the amounts actually paid by them may benefit from this deduction.

For taxpayers who died before November 26, 2023

This deduction will not apply to people over 65 years of age.