10.12.16. For the payment of interest on loans for undergraduate, master's and doctoral studies

Amount

The amount of interest paid in the tax period.

Loans must be obtained to pursue university studies in any of the three cycles: Bachelor's, Master's and Doctorate. Likewise, the interest paid on loans obtained for the completion of studies that allow obtaining a Master's degree from the entity that organizes it will be deductible, provided that said entity also provides training that allows obtaining an official degree of those regulated by article 35 of Organic Law 6/2001, of December 21.
The deduction will be applicable by whoever is obliged to pay the interest provided that the loan has been granted for the completion of studies by the taxpayer himself, his spouse or the descendants for whom he has the right to apply the minimum for descendants, or to whom he pays annual alimony that enjoys the application of the specialties referred to in the Personal Income Tax Law.
Only the interest paid on loans granted by credit institutions will be deductible, regardless of whether the loan was granted through public programs or agencies.
Taxpayers must have stated the destination of the funds in the loan or credit contract they signed and prove said destination with the appropriate supporting documents.

The amount paid will be recorded with the right to deduction.