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Form 100. Personal Income Tax Return 2023

10.14.3. For amounts invested in the acquisition or construction of habitual housing for young people

Amount

Young people with habitual residence in the Autonomous Community of La Rioja who acquire the home that, being located in this Autonomous Community, constitutes or will constitute their habitual residence, provided that the requirements for being entitled to the state deduction for investment in habitual housing are met, may deduct 3% of the amounts invested.

The percentage will be of 5% when the general taxable base subject to taxation does not exceed 18,030 euros in individual taxation or 30,050 euros in the case of joint taxation, provided that the taxable savings base subject to taxation does not exceed 1,800 euros. The taxable base limits will be controlled by the program.

Requirements and conditions

  • Young people eligible for deduction are considered to be those who have not reached 36 years of age at the end of the tax period. This requirement will be controlled by the program.

  • These must be amounts paid in the year for the construction, expansion, or acquisition of the home that, in addition to being located in the Autonomous Community of La Rioja, constitutes or will constitute the habitual residence of the taxpayer.

  • The requirements must be met to be eligible for the state deduction for investment in the acquisition or construction of a primary residence established in Transitional Provision 18 of Personal Income Tax Law 35/2006.

  • Taxpayers must have acquired their habitual residence before January 1, 2013, or paid amounts prior to that date for its construction. In the latter case, except for the exceptional extensions contemplated in the tax regulations in force on 31 December 2012, the works must be completed within four years from the start of the investment, in accordance with the deduction regime applicable in the case of construction of a primary residence.

    In any case, it will be necessary for the taxpayer to have applied the deduction for investment in a habitual residence in a tax period accrued before January 1, 2013, unless the provisions of article 68.1.2 of Law 35/2006 on Personal Income Tax have been applied, regarding the limits on the application of the deduction for the acquisition or rehabilitation of other previous habitual residences and for the generation of an exempt capital gain through reinvestment, which prevent the deduction for the rehabilitation of the new one from being applied as long as certain amounts detailed in said article are not exceeded.

  • As regards the concepts of construction , extension, habitual residence and elements that make up the basis of the deduction as well as verification of the financial situation at the end of the tax period, the same requirements that are generally established in the Tax Law apply.

  • The application of the deduction for investment in housing 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.

    For these purposes, increases or decreases in value experienced during the tax period by assets that at the end of the period continue to form part of the taxpayer's assets will not be computed.

Limits

The maximum annual base for regional deductions for the purchase of housing and second homes in rural areas will be the amount resulting from reducing the sum of 9,040 euros by the amounts that constitute the basis for the taxpayer's deduction for investment in primary residence contemplated in state tax regulations.

For these purposes, when considering the basis for the state deduction, the amount corresponding, where applicable, to adaptation works or installations carried out by persons with disabilities referred to in article 68.1.4 of the Personal Income Tax Law will not be taken into account.

Furthermore, these regional deductions for the purchase of a home 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, in accordance with article 70 of the Personal Income Tax Law.

Completion

The window will reflect the amounts paid by the holder of the declaration that give rise to the deduction.

In the case of marriage and if the amount paid corresponds to the spouses in equal parts, 50% of the total amounts paid by both will be reflected.