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Practical Income Manual 2021.

For the first acquisition of their habitual residence by taxpayers aged 35 or under

Regulations: Art. 4.Uno.k) Law 13/1997, of December 23, which regulates the regional section of the Personal Income Tax and remaining transferred taxes, from the Valencian Community.

Deduction amount

5 percent of the amounts paid during the tax period for the first acquisition of their habitual residence by taxpayers of the same age or less than 35 years , with the exception of the part of said amounts that correspond to interest.

For these purposes, in accordance with the state regulations regulating personal income tax, the construction or extension of the same is assimilated to the acquisition of a habitual residence.

Requirements and other conditions for the application of the deduction

In addition to the requirements generally established in state regulations that regulate the deduction for investment in habitual residence, for the application of this regional deduction the following must also be met:

  • That it is the first purchase of your primary home .

  • The concepts of habitual residence and its acquisition are those included in the state regulations regulating Personal Income Tax .

  • That the age of the taxpayer , on the date of tax accrual (normally, December 31), is equal to or less than 35 years.

  • That the sum of the general tax base and the savings tax base , boxes [0435] and [0460] of the declaration, does not exceed 15,817.20 euros , equivalent to two times the public multiple-effect income indicator (IPREM), both in individual taxation and in joint taxation.

  • In joint taxation , only taxpayers who are part of the family unit who, having paid amounts entitled to it, individually meet the aforementioned requirements will be entitled to this deduction, although the limit of 15,817.20 euros will refer to joint taxation.

  • The application of the deduction is conditional on the delivery of the monetary amounts derived from the legal act or business that entitles its application to be made by credit or debit card, bank transfer, nominative check or deposit into accounts in credit institutions .

    Note: This requirement is established by Additional Provision sixteen of Law 13/1997, of December 23, which regulates the regional section of Personal Income Tax and other transferred taxes.

  • It is required that the verified amount of the taxpayer's assets at the end of the tax period exceed the value shown by its verification at the beginning of the same by at least the amount of the investments made.

    For these purposes, the increases or decreases in value experienced during the aforementioned tax period by the assets that at the end of the period continue to form part of the taxpayer's assets will not be computed.

    See chapter 16 for verification of the financial situation .


This deduction is compatible with the deduction "For acquisition of habitual residence by people with disabilities" and with the deduction "For obtaining income derived from housing rentals, whose income does not exceed the reference price of private rentals in the Valencian Community" .