10.8.2. For the acquisition or rehabilitation of habitual housing by young people in rural areas

Amount

15% of the amounts paid in the period in question for the acquisition or rehabilitation of the home that will constitute the habitual residence of the taxpayer in the territory of the Community of Castilla y León.

The deduction will also apply to cases of construction of the primary residence.

Taxpayers who had generated the right to apply the deduction for acquisition or rehabilitation prior to January 1, 2023, may continue to apply the deduction in accordance with the requirements in force when the acquisition or rehabilitation took place, with the exception of the maximum deduction base, which is extended from €9,040 to €10,000.

When the acquisition or renovation of the home takes place after January 1, 2023:

That the taxpayer has his habitual residence in the Community of Castilla y León and that on the date of accrual of the tax he is under 36 years of age.
That it is your first home. The taxpayer is considered to have acquired his or her first home when he or she does not have or has not had any right of full ownership equal to or greater than 50% over another home.
That the home is located in a municipality or in a minor local entity of the Community of Castilla y León that at the time of acquisition or rehabilitation does not exceed 10,000 inhabitants, in general, or 3,000 inhabitants, if it is less than 30 kilometers from the capital of the province .

This requirement must be met at the time of acquisition or rehabilitation of the home, in the case of construction, it must be met at the time when the first payment of the expenses derived from the execution of the works is made or, where appropriate, the first payment of amounts on account to the developer of the home.
That the property has a value, for the purposes of the tax levied on its acquisition, of less than 150,000.00 euros.
Whether it is a newly built home or a renovation.

A newly built home is considered to be one whose acquisition represents the first transfer of the same after the declaration of new construction, provided that three years have not elapsed since this. Housing is also considered newly built when the taxpayer directly covers the costs of the construction or pays advance payments to the developer, provided the construction is completed within a period of no more than four years from the start of the investment.

The concept of housing rehabilitation for these purposes is that set out in Article 20.One.22.B of Law 37/1992, of December 28, on Value Added Tax. Building rehabilitation works are those that meet the following requirements:　
- That its main objective is the reconstruction of the same, understanding that this requirement is met when more than 50% of the total cost of the rehabilitation project corresponds to works of consolidation or treatment of structural elements, facades or roofs or with works similar or related to those of rehabilitation.
- That the total cost of the works referred to in the project exceeds 25% of the purchase price of the building if it had been carried out during the two years immediately prior to the start of the rehabilitation works or, otherwise, of the market value of the building or part thereof at the time of said start. For these purposes, the proportional part corresponding to the land will be deducted from the purchase price or market value of the building.
That the total taxable base, less the personal and family minimum, does not exceed 18,900 euros if taxation is individual or 31,500 euros if taxation is joint.
The application of this 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. 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.

Maximum deduction base

The maximum base for this deduction will be 10,000 euros per year, 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 regulated in article nineteen of Law 36/2003, of November 11, on Economic Reform Measures, and other expenses derived therefrom. In the event of application of the aforementioned hedging instruments, the interest paid by the taxpayer will be reduced by the amounts obtained by application of the aforementioned instrument.

Loss of the right to deduction

When, in tax periods after the period of application, the right to the deductions made is lost, in whole or in part, the taxpayer will be obliged to add to the autonomous net tax rate accrued in the year in which the requirements were not met, the amounts unduly deducted, plus the late payment interest referred to in article 26.6 of Law 58/2003, of December 17, General Tax Law.

Completion

The window will reflect the amounts paid with the right to the deduction.

In the case of marriage, when the amount paid corresponds to the spouses in equal parts, each will reflect 50% of the total amounts paid by both.