10.3.20. For emancipation of young people up to 35 years of age

Amount

Taxpayers up to 35 years of age who become emancipated during the tax year may apply a deduction of up to €1,000.

In the case of a joint declaration, a deduction of up to 1,000 euros may be applied for each of the taxpayers who meet the conditions provided for in the standard.

Requirements and conditions

• The tax base cannot exceed 35,000 euros in individual taxation or 45,000 euros in joint taxation.

• The deduction may be applied in the year in which they turn 36 as long as the emancipation and expenses have occurred prior to reaching the aforementioned age.

• The deduction may be applied only once in the year in which the first emancipation takes place.

  It will be understood that the emancipation is carried out in the year in which the taxpayer stops living with his ascendants and moves his domicile to a new habitual residence located in the Principality of Asturias that he will occupy under ownership or lease. The right to deduction will be lost in the event that the taxpayer returns to the family home before three years have passed.

• The expenses that generate the right to deduction are the expenses directly linked to emancipation, for example: expenses for purchasing furniture, transportation, renting or purchasing housing, etc.

• Documentary accreditation of expenses that generate the right to deduction must be made by invoice or any other means of legal or economic traffic admitted by law.

Completion

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