21. Hedging instruments for risk of increase in the variable interest rate of mortgage loans intended for the acquisition of a primary residence

Regulations: Art. 7.t) Law Income Tax

Income derived from the application of hedging instruments is exempt when it exclusively covers the risk of an increase in the variable interest rate of mortgage loans for the acquisition of a primary residence, regulated in article nineteen of Law 36/2003, of November 11, on economic reform measures ( BOE of November 12).

Regarding the concept of habitual residence, see Additional Provision Twenty-Third of the Personal Income Tax Law and Article 41 bis of the Regulations.