For investment in primary residence

Regulations: Additional Provision Four. Nine Consolidated 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

Note: The conditions and amounts indicated below for this deduction will apply exclusively in the tax periods 2022 and 2023 , replacing those provided for in article 14 of the Revised Text. Therefore, this is the last exercise in which they will be applicable.

See also the first Additional Provision of Decree Law 12/2021, of September 30, which adopts tax, organizational and management measures as a result of the volcanic eruption on the island of La Palma ( BOC 01-10-2021 - BOE 25-11-2021)

La Palma volcanic eruption: of in accordance with the First Additional Provision of Legislative Decree 12/2021, the right to the deductions made in the autonomous integral quota of IRPF for the amounts paid for this concept will NOT be lost, despite the fact that the usual homes have been destroyed by the volcanic eruption of La Palma, being able to continue applying this deduction for the amounts that could continue to pay.

Amount of deduction

Taxpayers may deduct the percentage that corresponds in each case , according to the following table, of the amounts paid in the tax period for the acquisition of the home that constitutes or will constitute their habitual residence, in the same terms and provided that the same requirements demanded in article 68.1 of the Personal Income Tax Law are met, as worded as of January 1, 2012.

The acquisition extends to the construction of the habitual residence, its rehabilitation and expansion in accordance with the provisions of its eighteenth transitional provision of the Tax Law.

Please note that, in accordance with Article 55 of the Income Tax Regulations, as amended as of 31 December 2012, the construction of a primary residence is considered be the case in which the taxpayer directly pays the costs arising from the execution of the works, or pays amounts on account to the promoter thereof, that the works completed within a period of no more than four years from the start of the investment, except in the exceptional cases provided for in sections 3 and 4 of the aforementioned Article 55, in which case an extension of said period may be granted, which in no case may exceed another four years.

The sum of the amount of the general tax base and the savings tax base is the one reflected in boxes [0435] and [0460] of the declaration.

Requirements and other conditions of application

• The concept of habitual residence, as well as the maximum deduction base and the remaining requirements required for the practice of the deduction are those contained in the state regulations of the deduction for investment in habitual residence in the wording in force as of December 31, 2012.

• This deduction will not apply to amounts allocated to the rehabilitation, reform or adaptation of the habitual residence due to disability.

Joint deduction limit

The sum of the amount of this deduction together with the regional deductions "For amounts allocated by their owners to the restoration, rehabilitation or repair of real estate declared of Cultural Interest", "For energy rehabilitation works of the habitual residence" and "For works to adapt the habitual residence by people with disabilities" may not exceed 15% of the regional total quota, box [0546] of the declaration.