10.4.12. For leasing of real estate in the territory of the Balearic Islands intended for housing

Amount

In general (tax periods ending December 31)

Taxpayers may deduct 75% of the expenses paid for credit insurance premiums that fully or partially cover non-payment of rent due to leasing to a third party for housing purposes.

The maximum amount of this deduction will be 440 euros per year.
Taxpayers who died on a day other than December 31

Taxpayers may deduct 75% of the expenses paid for credit insurance premiums that fully or partially cover non-payment of rent due to leasing to a third party for housing purposes.

The maximum amount of this deduction will be 400 euros per year.

That the duration of the housing lease contract with the same tenant is equal to or greater than one year.
That the deposit of the deposit has been constituted in favor of the Balearic Housing Institute.
That the taxpayer declare in personal income tax the income derived from rental income from the home as income from real estate capital.

You must indicate the amount of insurance premiums paid.