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Form 100. Personal Income Tax Declaration 2022

10.15.10. For the first acquisition of their habitual residence by taxpayers aged 35 or under

Amount

The 5% of the amounts allocated by the taxpayer during the tax period, including the expenses incurred by them, except interest, for the first acquisition of their habitual residence.

Requirements and conditions

  • It must be the first purchase of a habitual residence. The concept of habitual residence and acquisition is that included in the Personal Income Tax Law.

  • The taxpayer's age must be equal to or less than 35 years on the date the tax accrues.

  • The sum of the general taxable base and the taxable base of the taxpayer's savings cannot exceed 30,000 euros, in individual taxation, or 47,000 euros, in joint taxation.

    However, in the case of taxpayers who died before October 28, the sum of the general tax base and the savings tax base cannot exceed 16,212.56 euros, which is the equivalent of twice the public income indicator. multiple effects (IPREM).

  • The application of the deduction is conditional on the delivery of the monetary amounts derived from the legal act or business that entitles its application to be carried out by credit or debit card, bank transfer, nominative check or deposit into accounts at credit institutions.

  • This deduction requires that the verified amount of the taxpayer's assets at the end of the tax period exceeds the value that its verification showed at the beginning of the period, by at least the amount of the investments made.

    For these purposes, the increases or decreases in value experienced during the tax period by the assets that at the end of the period continue to form part of the taxpayer's assets will not be computed.

Limit

When the limit of taxable bases of 30,000 euros and 47,000 euros applies, the full amount of the deduction will only be applicable to taxpayers whose sum of the general taxable base and the savings taxable base is less than 27,000 euros in individual taxation, or less than 44,000 euros, in joint taxation.

When the sum of the general taxable base and the taxable savings base is between 27,000 and 30,000 euros in individual taxation, or between 44,000 and 47,000 euros in joint taxation, the amounts and deduction limits will be the following:

  1. In individual taxation, the result of multiplying the amount or deduction limit by a percentage obtained from the application of the following formula: 100

  2. In joint taxation, the result of multiplying the amount or deduction limit by a percentage obtained by applying the following formula: 100

The application of this deduction is compatible with the deduction "For acquisition of habitual residence by people with disabilities" and the deduction "For obtaining income derived from housing rentals, whose income does not exceed the reference price for private rentals in the Valencian Community".

This deduction cannot be applied for the amounts for which the deduction "For amounts intended for the acquisition or rehabilitation of habitual residence from public aid" would have been applied.

Completion

The amounts paid that give the right to the deduction will be reflected in the window.

In the case of marriage and if the amount paid corresponds to the spouses equally, 5% of the total amount paid by both spouses will be reflected.