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Practical Income Manual 2021.

For the acquisition or rehabilitation of principal residence in rural or similar areas

Regulations: Art. 110-10 Text Recast of the provisions issued by the Autonomous Community of Aragon regarding transferred taxes, approved by Legislative Decree 1/2005, of September 26.

Amount and requirements for applying the deduction

  • 5 percent of the amounts paid in the tax period for the acquisition or rehabilitation of the home that constitutes or will constitute the habitual residence of the taxpayer as long as they meet the following requirements:

    1. That the taxpayer has his habitual residence in the Autonomous Community of Aragon and that on the date of tax accrual he is less than 36 years old .

    2. Let it be your first home .

      The deduction will only be applicable when the taxpayer has not owned any other home, whether or not it has been his habitual residence.

    3. That the home is located in a Aragonese municipality that has less than 3,000 inhabitants or, alternatively, in a minor local entity or in a singular population entity , that are separated or differentiated from the capital of the municipality to which they belong.

      For these purposes, the consideration of minor local entities or singular population entities will be that which appears in the regulations on Local Administration of the Autonomous Community of Aragon.

    4. That the sum of the general tax base and the savings tax base, boxes [ 0435 ] and [ 0460 ] of the declaration, less the minimum per taxpayer and the minimum for descendants, boxes [ 0511 ] and [ 0513 ] from statement , is not greater than :

      - 21,000 euros in individual declaration.

      - 35,000 euros in joint declaration .

  • The concepts of acquisition, rehabilitation, habitual residence, deduction base and its maximum limit will be those set by the state regulations in force on December 31, 2012 for the deduction for investment in habitual residence .

  • The requirement of verification of the financial situation of the taxpayer will also be applicable in accordance with the state regulations in force on December 31, 2012.

Note: This deduction will only be applicable to the acquisitions or rehabilitations of homes in rural areas made after January 1, 2012.