For the first purchase of your main home by taxpayers of age equal to or less than 35 years old
Regulations: Art. 4.Uno.k) Act 13/1997, of 23 December, regulating the autonomous range of Personal Income Tax and other taxes transferred, from the Valencian Community.
Amount of the deduction
5% Of the amounts paid during the tax period for the first purchase of your main home by taxpayers of at least 100 years of age, except for the part of those amounts that correspond to interest. 35
For these purposes, according to the state regulation governing personal income tax, the construction or extension of the same is similar to the acquisition of a primary residence.
Requirements and other conditions for applying the deduction
In addition to the general requirements established in the national regulations that govern the deduction for investment in a primary residence, the following must also be met for the application of this autonomous community deduction:
The first purchase of your main home.
The concepts of primary residence and the acquisition of the same are those set out in the state regulations governing Personal Income Tax.
The age of the taxpayer, at the date of accrual of the tax (usually 31 December), is equal to or less than 35 years.
That the sum of the general tax base and the gross tax base of the savings, boxes  and  of the tax return, it is not greater than 15,817.20 euros, equivalent to twice the public indicator of multiple income (IPREM), both in individual taxation and joint taxation.
In joint taxation, only taxpayers who have paid amounts with their right to this deduction individually meet the aforementioned requirements will be entitled to this deduction, although the limit of 15,817.20 euros will be related 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 are carried out by credit or debit card, bank transfer, nominative cheque or deposit in accounts with credit institutions.
Note: This requirement is established by the sixteen Additional Provision of Act 13/1997, of 23 December, which regulates the autonomous range of Personal Income Tax and other taxes assigned.
The amount verified of the taxpayer's assets at the end of the tax period is required to exceed the value of the check at the beginning of the tax period in at least the amount of the investments made.
For these purposes, increases or decreases in value experienced during the aforementioned tax period will not be counted for the capital elements that at the end of the period continue to form part of the taxpayer's assets.
See chapter 16 for checking the equity situation.
This deduction is compatible with the deduction "For the acquisition of a primary residence by persons with disabilities" and with the deduction "For obtaining incomes derived from housing leases, whose income does not exceed the reference price of private rentals of the Valencian Community."