10.4.12.For leasing of properties intended for housing

This deduction is not applicable for taxpayers who died before December 31, 2017.

Taxpayers may deduct 75 percent of the expenses paid for credit insurance premiums that fully or partially cover non-payment of rent due to leasing to a third party for housing.

The maximum amount of this deduction will be 400 euros per year.

Requirements

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

b) That the deposit of the deposit has been constituted in favor of the Balearic Housing Institute.

c) 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.

Completion

You must indicate the amount of insurance premiums paid.