10.12.16. For the payment of interest on loans for Degree, Master and Doctorate studies

Amount

The amount of interest paid in the tax period.

The loans must be obtained to pursue university studies in any of the three cycles: Degree, Master and Doctorate. Likewise, the interest paid on loans obtained to carry out studies that allow the obtaining of a Master's degree from the entity that organizes it will be deductible, provided that said entity also provides training that allows the obtaining of an official degree of those that Article 35 of Organic Law 6/2001, of December 21, is regulated.
The deduction will be applicable by whoever is obliged to pay the interest as long as the loan has been granted for the completion of the 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 pay annuities for food that enjoy 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, without prejudice to whether the granting of the loan has been managed through public programs or organizations.
Taxpayers must have stated in the signed loan or credit contract the destination of the funds and prove said destination with the appropriate supporting documents.

It will record the amount paid with the right to deduction.