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Form 100. 2020 Personal Income Tax Return Declaration

10.14.14. For investment in the habitual residence of young people under 36 years of age

Taxpayers may deduct 15 percent of the amounts paid in the year for the acquisition, construction, extension or rehabilitation of the home located in the territory of the Autonomous Community of La Rioja that constitutes or will constitute the taxpayer's habitual residence.

Requirements

  • The taxpayer must be under 36 years of age on the date the tax accrues (normally December 31).
  • The home must have been acquired after January 1, 2013, or the rehabilitation started after that date.
  • The general taxable base subject to tax does not exceed 18,030 euros in individual taxation or 30,050 euros in joint taxation, provided that the taxable base of savings subject to taxation does not exceed 1,800 euros.
  • Construction or expansion is assimilated to the acquisition of housing. It is not considered a home purchase: maintenance or repair costs, improvements, the acquisition of parking spaces, gardens, parks, swimming pools and sports facilities and, in general, annexes or any other element that does not constitute the home itself, provided that they are acquired independently of this. The parking spaces acquired with these will be treated as homes, with a maximum of two.
  • The rehabilitation must meet the conditions established in the Personal Income Tax Law .
  • The habitual residence is one in which the taxpayer resides for a continuous period of three years. However, it will be understood that the home had that character when, despite the said period not having elapsed, the death of the taxpayer occurs or circumstances arise that necessarily require the change of home, such as marital separation, job transfer, obtaining first employment or more advantageous employment or other similar ones.
  • When a habitual residence is acquired having enjoyed the deduction for the acquisition of other previous habitual residences, no deduction may be made for the acquisition or rehabilitation of the new one as long as the amounts invested in it do not exceed those invested in the previous ones, in the extent to which they would have been subject to deduction.
  • When the disposal of a habitual residence would have generated a capital gain exempt from reinvestment, the deduction base for the acquisition or rehabilitation of the new home will be reduced by the amount of the capital gain to which the exemption from reinvestment applies. In this case, no deduction may be made for the acquisition of the new one as long as the amounts invested in it do not exceed both the price of the previous one, to the extent that it has been subject to deduction, and the capital gain exempt from reinvestment.
  • The application of the deduction will require that the verified amount of the taxpayer's assets at the end of the tax period exceeds the value shown by its verification at the beginning of the period, at least by the amount of the investments made, without computing interest and other expenses. financing.

Deduction base

The maximum annual base of this deduction will be 9,000 euros and will consist of the amounts paid for the acquisition or rehabilitation of the home, including the expenses incurred that have been borne by the purchaser and, in the case of third-party financing, the amortization, interest, the cost of variable interest rate risk hedging instruments for mortgage loans and other expenses derived from the same. In the event of application of the aforementioned hedging instruments, the interest paid by the taxpayer will be reduced by the amounts obtained by the application of the aforementioned instrument.

Incompatibilities

This deduction is incompatible with the regional deductions " For the amounts invested in rehabilitation works of the habitual residence" and "For amounts invested in the acquisition or construction of habitual residence for young people", for those young people who had acquired or rehabilitated their home before January 1, 2013. When the above circumstance occurs, the taxpayer will continue to apply said deductions and not the present deduction for investment in habitual residence.

Completion

You must directly include, in the box provided for this purpose, the amounts paid with the right to deduction. The program will apply a 15 percent deduction to that amount.