10.5.24. For expenses on credit insurance premiums to cover non-payments of rental income

Amount

The 75% of the expenses paid during the year in respect of credit insurance premiums that fully or partially cover the non-payment of the rents to which the taxpayer is entitled by reason of the lease of a property to a third party intended for housing with a maximum of 150 euros per year in both individual and joint taxation.

Requirements

That the leased property is located in the territory of the Canary Islands.
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 bond has been constituted in favor of the competent body of the Administration of the Autonomous Community of the Canary Islands.
That the taxpayer declare in personal income tax the income derived from rental income of the home as income from real estate capital.
That the lessor is up to date with its tax obligations and identifies the lessee and the cadastral reference number of the leased property in its personal income tax returns.
That the monthly rental amount does not exceed 800 euros.

Completion

It must reflect for each lease: the amount paid for the insurance premiums, the tenant's NIF or, if they do not have it, the identification number of the country of residence, the cadastral references or, failing that, they will mark the box enabled for this purpose.

The program will transfer the data to annex B.9 of the declaration.