Skip to main content
Form 100. Personal Income Tax Return 2023

10.14.14. For investment in the habitual residence of young people under 36 years of age

Amount

15% of the amounts paid in the year for the acquisition, construction, extension or rehabilitation of the home located in the territory of the Autonomous Community of La Rioja that constitutes or will constitute the habitual residence of the taxpayer.

Requirements and conditions

  • The taxpayer must be under 36 years of age on the date the tax is due (normally December 31).

  • The property must have been purchased after 1 January 2013, or the renovation must have started after that date.

  • The general taxable base subject to taxation does not exceed 18,030 euros in individual taxation or 30,050 euros in joint taxation, provided that the savings taxable base subject to taxation does not exceed 1,800 euros.

  • Construction or expansion is considered to be the same as the acquisition of a home.

    The following are not considered to be home acquisition: maintenance or repair costs, improvements, the acquisition of parking spaces, gardens, parks, swimming pools and sports facilities and, in general, annexes or any other element that does not constitute the home itself, provided that they are acquired independently of it.

    Parking spaces acquired with these will be treated as homes, with a maximum of two.

  • The rehabilitation must comply with the conditions established in the Personal Income Tax Law .

  • The habitual residence is the one in which the taxpayer resides for a continuous period of three years.

    However, the dwelling will be deemed to have had that character when, despite the said period not having elapsed, the taxpayer dies or circumstances occur that necessarily require the change of dwelling, such as marital separation, job transfer, obtaining a first job or a more advantageous job or other similar circumstances.

  • When a primary residence is acquired after having benefited from the deduction for the acquisition of other previous primary residences, no deduction may be made for the acquisition or rehabilitation of the new residence as long as the amounts invested in it do not exceed those invested in the previous residences, to the extent that they were subject to deduction.

  • When the sale of a primary residence has generated an exempt capital gain through reinvestment, the deduction base for the acquisition or renovation of the new residence will be reduced by the amount of the capital gain to which the exemption for reinvestment is applied.

    In this case, no deduction may be made for the acquisition of the new one as long as the amounts invested in it do not exceed both the price of the previous one, to the extent that it has been subject to deduction, and the exempt capital gain from reinvestment.

  • 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 same by at least the amount of the investments made, without taking into account the interest and other financing costs.

Deduction base

The maximum annual base for this deduction will be 9,000 euros and will consist of the amounts paid for the acquisition or renovation of the home, including the expenses incurred by the purchaser and, in the case of external financing, the amortization, the interest, the cost of the instruments to cover the variable interest rate risk of mortgage loans and other expenses derived from it.

In the event of application of the aforementioned hedging instruments, the interest paid by the taxpayer will be reduced by the amounts obtained from the application of the aforementioned instrument.

Incompatibilities

This deduction is incompatible with the regional deductions: "To mitigate the rise in loan interest rates", " For amounts invested in renovation works on the habitual residence" and "For amounts invested in the acquisition or construction of habitual residence for young people", for those young people who had acquired or renovated their home before January 1, 2013. When the above circumstance occurs, the taxpayer will continue to apply these deductions and not the present deduction for investment in primary residence.

Completion

You must directly include, in the box provided for this purpose, the amounts paid with the right to deduction.