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Form 100. Personal Income Tax Return 2023

10.4.20. To offset the increased cost of variable interest rate mortgage loans

Amount

Taxpayers with mortgage-secured loan or credit contracts with a variable interest rate taken out to finance the purchase of a home will be able to deduct the difference between the interest paid in 2023 and that paid in 2021 with a maximum limit of € per taxpayer. The limit will be 250 euros in the case of taxpayers who died before November 26.

Requirements and conditions

  • The property for whose acquisition the mortgage has been established must be the taxpayer's habitual residence.

  • The increase in cost must be justified by a bank certificate, which must be kept available to the tax authorities.

  • The total taxable base cannot exceed 52,800 euros in the case of joint taxation and 33,000 euros in the case of individual taxation.

  • Documentary justification must be accredited by invoices or equivalent documents, which must be kept available to the tax authorities.

Incompatibility

This deduction is incompatible with the state deduction for investment in primary residence.

Completion

It will record the interest paid in 2023 and those paid in 2021.