10.15.15. For obtaining income derived from the leasing of housing whose rent does not exceed the reference price for private rentals

Amount

The 5% of the gross income in the tax period.

Requirements

That the full income derives from housing lease contracts, in accordance with Law 29/1994, of November 24, on Urban Leases. Consequently, the deduction would not be applicable to the income from seasonal rentals and all those cases in which the rented property does not constitute the habitual or permanent residence of the tenant.
These are lease contracts initiated during the tax period.

In the event that the property had been rented previously and the previous contract had a duration of more than three years, the deduction can be applied regardless of whether the new tenants coincide or not with the previous ones.

If the previous contract lasted less than three years, the deduction can only be applied if none of the new tenants coincide with the previous ones.
That the agreed monthly rent does not exceed the reference price for private rentals in the Valencian Community.

For these purposes, expenses and taxes, other than supplies, which according to the contract are the responsibility of the tenant, such as property tax, community of owners, etc., must be included as part of the income generated by the lease contract.

The information on the reference rental prices is available in the cartographic viewer of the Valencian Community (https://visor.gva.es/). There are two options for consulting a specific location.

The first is to select the property you wish to find out the reference price for directly in the location where it is located. The second option is to enter the address of the property in question into the search engine.

In both cases, a window will appear with a link to the “Price of private rentals in the Valencian Community”. In the table of the “Price of private rentals in the Valencian Community” you can obtain the average reference price for renting a home based on the date of construction and its constructed surface area for that specific location according to the cadastral data (without common areas, storage rooms, parking spaces and surfaces intended for other uses).

For more information, please visit the website: htps://calab.es/obsevatorio-del-habitat/preciode-referencia/precios-del-alquiler/.
That the rented property is located in the areas indicated, for this purpose, by the department responsible for housing when establishing the reference price for private rentals in the Valencian Community (this requirement will only be applicable to taxpayers who died before October 28).
That the deposit of the security referred to in urban leasing legislation has been made in favour of the Generalitat before the end of the tax period.
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 by at least the amount of the investments made. For these purposes, increases or decreases in value experienced during the aforementioned tax period by assets that at the end of the period continue to form part of the taxpayer's assets will not be computed.

Maximum deduction base

The maximum annual base for this deduction is set at 3,300 euros for both individual and joint taxation.

This base will be 3,000 euros for taxpayers who died before October 28 .

Completion

The amount that, in accordance with the above, is considered to be the gross income obtained from the rental will be recorded.