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Practical manual for Income Tax 2021.

Common limits and formal obligations to apply deductions

Regulations: Art. 18 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.

Common limits

  • The sum of the deductions applied to the full regional quota may in no case exceed the amount of the quota itself.

  • More than one of the regional deductions may not be applied to the same property.

    Consequently, the regional deductions for investment in a habitual residence and for works to adapt the habitual residence cannot be applied simultaneously when the amounts that give rise to them refer to the same residence, even if the amounts invested are different.

Formal obligations

  • IRPF taxpayers are required to retain, during the limitation period, the supporting documents and documents that prove their right to enjoy the deductions from the rate they have actually applied.

  • By Order of the Councillor of the Autonomous Community of the Canary Islands responsible for tax matters, justification and information obligations may be established for the control of the deductions referred to in the previous section.