For investment in habitual residence

Regulations: Art. 14 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, April 21.

Deduction amount

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 current as of January 1, 2012.

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 Personal Income Tax Law .

The sum of the amount of the general tax base and the savings tax base is the amount reflected in boxes [0435] and [0460] of the statement.

Requirements and other conditions of application

• 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.

• This deduction will not apply to amounts destined for the rehabilitation, renovation or adaptation due to disability, of the habitual residence.

Joint deduction limit

The sum of the amount of this deduction together with that of 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 for people with disabilities" may not exceed 15 per 100 of the full regional quota, box [ 0546 ] of the statement.