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Practical manual for Income Tax 2021.

For investment in habitual housing by young people aged 35 or under

Note: Taxpayers who applied the regional deductions for investment in housing prior to January 1, 2013, may apply to the amounts paid in fiscal year , for the same housing, the " Transitional regime of the deduction for investment in habitual housing ", which is discussed within the deductions of the Region of Murcia.

Regulations: Art. 1. One Text Consolidated version of the legal provisions in force in the Region of Murcia regarding Transferred Taxes, approved by Legislative Decree 1/2010, of November 5.

Amount of deduction

5 percent of the amounts paid in the fiscal year for the acquisition, construction, extension or rehabilitation of the dwelling that constitutes or will constitute the habitual dwelling of the taxpayer, including the expenses incurred that have been borne by the purchaser and, in the case of external financing, the amortization, interest and other expenses derived from it.

The habitual residence shall be understood as the residence in which the taxpayer resides for a continuous period of three years. However, the dwelling will be deemed to have had that character when, despite the said period not having elapsed, the taxpayer dies or circumstances occur that necessarily require the change of dwelling, such as marital separation, job transfer, obtaining a first job, a more advantageous job or other similar circumstances.

Requirements and other conditions for the application of the deduction

Note: This deduction will apply to taxpayers who meet the requirements indicated below, regardless of the date on which the home was purchased or the renovation or extension works began. Therefore, it may be applied by taxpayers who have made the investment in their primary residence after 1 January 2013.

  • That taxpayers have their habitual residence in the Region of Murcia .

  • That taxpayers are aged 35 or under at the time of the tax accrual date (normally, December 31).

  • That the sum of the general tax base and the savings tax base of the taxpayer, boxes [ 0435 ] and [ 0460] of the declaration, is less than 24,107.20 euros , provided that the savings tax base , does not exceed the amount of 1,800 euros .

  • In the case of acquisition or extension of a dwelling, it must be newly built dwellings . For these purposes, a newly built home will be considered to be one whose acquisition represents the first transfer thereof after the declaration of new construction, provided that three years have not elapsed since said declaration.

  • In the case of housing rehabilitation , works on the same that meet the following requirements will be considered:

    1. That they have been classified or declared as protected actions in the field of housing rehabilitation under the terms provided for in Royal Decree 2066/2008, of December 12, which regulates the State Plan for Housing and Rehabilitation 2009-2012, or with those state or regional regulations that replace them.

    2. Those established in the regulations governing Personal Income Tax in the version in force as of December 31, 2012.

  • The 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 end of the same, at least by the amount of the investments made, in accordance with the requirements established in general by the state regulations governing Personal Income Tax .

Applicable limits:

A. Maximum base of investments with the right to deduction

The maximum base for the amounts paid with the right to this deduction will be constituted by the result of subtracting from the amount of 9,040 euros , those amounts that constitute for the taxpayer the base of said state deduction , excluding, where applicable, the amounts destined to works to adapt the habitual residence due to disability, and without the difference being able to be negative in any case.

The rules established in state legislation in the version in force on 31 December 2012 are also applicable in relation to this deduction for cases in which deductions have been made for a previous habitual residence or the latter has been transferred, obtaining a capital gain that has been considered exempt by reinvestment, as well as the requirement that the taxpayer's assets increase by at least the amount of the investments with the right to the deduction.

B. Absolute maximum limit

The amount of this deduction may not exceed 300 euros per year , both in individual and joint taxation.