For investment in primary residence
Regulations: Art. 14 of the Consolidated Text of the current legal provisions issued by the autonomous community of the Canary Islands regarding transferred taxes, approved by Legislative Decree 1/2009, of April 21.
Amount of deduction
Taxpayers may deduct the percentage that corresponds in each case , according to the following table, of the amounts paid in the tax period for the acquisition of the home that constitutes or will constitute your habitual residence, under the same terms and provided that the same requirements demanded in article 68.1 of the Personal Income Tax Law are met, according to the wording in force as of January 1, 2012, in accordance with the provisions of its eighteenth transitional provision .
The acquisition extends to the construction of the habitual residence, its rehabilitation and expansion in accordance with the provisions of its eighteenth transitional provision of the Tax Law.
| Amount of the general and savings tax base | Percentage of deduction |
|---|---|
| Less than 15,000 euros | 3.5 per 100 |
| Equal to or greater than 15,000 euros and less than 30,000 euros | 2.5 per 100 |
The sum of the amount of the general tax base and the savings tax base is the one reflected in boxes [0435] and [0460] of the declaration.
Requirements and other conditions of application
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The concept of habitual residence, as well as the maximum deduction base and the remaining requirements required for the practice of the deduction are those contained in the state regulations of the deduction for investment in habitual residence in the wording in force as of December 31, 2012.
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This deduction will not apply to amounts allocated to the rehabilitation, reform or adaptation of the habitual residence due to disability.
Joint deduction limit
The sum of the amount of this deduction together with the regional deductions "For amounts allocated by their owners to the restoration, rehabilitation or repair of real estate declared of Cultural Interest", "For energy rehabilitation works of the habitual residence" and "For works to adapt the habitual residence by people with disabilities" may not exceed 15 percent of the regional total quota, box [ 0546 ] of the declaration.