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Practical Income Manual 2020.

Deduction limit: verification of the financial situation

Regulations: Art. 70 Law Personal Income Tax

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 tax period, at least by the amount of the investments made.

Note: Regarding the verification of the financial situation see the comments in the corresponding section of the "Deduction for investment in habitual residence: Transitional regime" in this Chapter.