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Practical manual for Income Tax 2021.

For amounts allocated by their owners to the restoration, rehabilitation or repair of real estate declared of cultural interest

Regulations: Art. 6 Revised Text of the current legal provisions issued by the Autonomous Community of the Canary Islands on transferred taxes , approved by Legislative Decree 1/2009, of April 21.

Amount and requirements for applying the deduction

10% of the amounts allocated by the owners of real estate located in the Canary Islands to the restoration, rehabilitation or repair of the same, provided that the following conditions are met:

  • That the assets are registered in the Canary Islands Registry of Assets of Cultural Interest or affected by the declaration of Asset of Cultural Interest provided that the properties meet the requirements determined by regulation.

  • That the restoration, rehabilitation or repair works have been authorized by the competent body of the Autonomous Community or, where appropriate, by the corresponding island council or town hall.

Maximum deduction limits

  • The amount of this deduction may not exceed 10% of the autonomous community's full quota, box [ 0546 ] of the declaration.

  • Furthermore, the sum of the amount of this deduction together with the regional deductions “For investment in habitual residence”, “For energy rehabilitation works of the habitual residence” and “For works to adapt the habitual residence by people with disabilities” may not exceed 15% of the regional total quota.