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Form 100. Personal Income Tax Declaration 2023

10.4.20. To compensate for the increase in the cost of loans or mortgage credits with variable interest rates

Amount

Taxpayers with loan or credit contracts with a mortgage guarantee and with a variable interest rate signed for the financing of the purchase of a home may deduct the difference between the interest paid in the year 2023 compared to those paid in the year 2021 with a maximum limit. of 400 euros 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 at the disposal of the tax administration.

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

  • The documentary justification must be proven by means of invoices or the corresponding equivalent documents, which must be kept at the disposal of the tax administration.

Incompatibility

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

Completion

It will record the interests satisfied in 2023 and those satisfied in 2021.