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Form 100. Personal Income Tax Declaration 2019

10.5.25 For expenses on credit insurance premiums to cover non-payments

Taxpayers may deduct 75 percent of the expenses paid during the year as credit insurance premiums that fully or partially cover non-payment of income to which the taxpayer is entitled due to the lease of a property to a third party intended for housing with a maximum of 150 euros per year.


  • The leased property must be located in the territory of the Canary Islands.
  • The duration of the housing lease contract with the same tenant is equal to or greater than one year.
  • That the deposit of the bond has been constituted in favor of the competent body of the Administration of the Autonomous Community of the Canary Islands.
  • That the taxpayer declare in personal income tax the income derived from rental income of the home as income from real estate capital.
  • That the lessor is up to date with its tax obligations and identifies the lessee and the cadastral reference number of the leased property in its personal income tax returns.
  • That the monthly rental amount does not exceed 800 euros.


You must fill out the boxes in Annex B8 with the landlord's NIF data, cadastral references, and the amounts paid for insurance premiums. The program will transfer the data to the deduction.