For interest expenses for third-party financing of the acquisition of their first habitual residence by those under 40 years of age

Regulations: Art. 12 Law 8/2013, of November 21, of the Autonomous Community of Castilla-La Mancha, on Tax Measures

Amount and maximum limits of the deduction

• 100 percent of the amounts paid during the tax period as interest on external financing arranged for the acquisition of the first habitual residence.

  Regarding the concept of habitual residence take into account the one established by the state regulations of IRPF in force as of December 31, 2012.

• The amount of the deduction cannot exceed the limits indicated below , based on the amount resulting from the sum of the general tax base and the savings tax base boxes [0435] and [0460] of the declaration:

  a) In the individual declarations

  General tax base + Savings tax base	Limit per taxpayer
  Up to 12,500 euros	150,00 euros
  Between 12,500.01 and 27,000.00 euros	100,00 euros

  b) In the joint declarations

  General tax base + Savings tax base	Limit per taxpayer
  Up to 25,000 euros	150,00 euros
  Between 25,000.01 and 36,000.00 euros	100,00 euros

Requirements and other conditions for the application of the deduction

• Only taxpayers who, on the accrual date, are under 40 years of age will be able to benefit from the application of this deduction.

• The deduction will correspond to the ascendant who has paid the amounts in the form of interest for the external financing arranged for the acquisition of the first habitual residence, provided that the loan or credit is at a variable interest rate .

• That the amount resulting from the sum of the general tax base and the savings tax base, boxes [0435] and [0460] of the declaration, does not exceed the following amounts:

  - 27,000 euros in individual taxation.

  - 36,000 euros in joint taxation.