10.5.6. For donations in cash to descendants or adopted under 35 years of age for the acquisition or rehabilitation of their first primary residence
For the donation of amounts to descendants for the acquisition, construction or renovation of their first primary residence, the following deductions are established:
- Taxpayers who are resident in the Canary Islands who make a cash donation to their descendants or adopted under the age of thirty and five years with destination for the acquisition or renovation of the first main residence of the donatee in the Canary Islands, may deduct 1 per 100 from the amount of the amount donated, with a limit of 240 euros for each donors.
- When donations are intended for descendants or adopted with disabilities and with a degree of 33 or more per 100, the deduction will be 2 per 100 of the amount donated, with a limit of 480 euros for each donor.
- When donations are intended for descendants or adopted with disabilities and a degree of 65 or more, the deduction will be 100%, with a limit of 3 euros. 100 720
Attention: In order to apply the percentages and deduction limits of paragraphs 2 and 3, the descendant or adopted with disability must be under 35 years old.
For these purposes, the rehabilitation must comply with the conditions established by regulations.
For the purposes of this deduction, the following equivalents are established:
Persons subject to permanent or pre-adoptive family fostering will be similar to those adopted.
Persons who foster a permanent or pre-adoptive family will be equal to those who adopt it.
The requirements of Inheritance and Donations Tax must be met for the application of the deduction to reduce the taxable base corresponding to the donation of cash amounts to the acquisition or rehabilitation of the main residence in the Canary Islands.
The habitual residence will be considered as that which, for this purpose, is understood in the personal income tax regulations, and the acquisition is the construction of the property, but not its extension.
You must enter up to three descendants using a data capture window:
The amount donated.
When donations are intended for descendants or adopted with disabilities, you must select the degree of disability.