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Reductions for contributions to protected assets

Who can make contributions, how much you can contribute, and how the contributions are taxed on the owner of the estate

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Tax treatment of contributions received for taxpayers with a disability

The contributions made to the protected assets generate income from work for the person with a disability who owns said assets, under the following terms and conditions:

  • When the contributors are taxpayers of IRPF they will be considered as work income up to the amount of €10,000 per year for each contributor and €24,250 per year in total.

  • When the contributors are taxpayers of IS they will be considered as work income provided that they have been a deductible expense in the Corporate Tax, with a limit of €10,000 per year. This limit is independent of the above.

These employment earnings are exempt, up to a maximum annual amount of 3 times the IPREM .

Any part of the contributions which has the consideration of earned income for the recipient will not be subject to Inheritance and Donations Tax