For expenses derived from the rental of homes

Regulations: Art. 8 bis Consolidated Text of the legal provisions of the Community of Madrid regarding taxes transferred by the State, approved by Legislative Decree 1/2010, of October 21

Amount and maximum limit of the deduction

• 10 percent of the amounts paid in fiscal year by taxpayers who have properties rented as housing as long as they correspond to any of the following linked concepts to such leases:

  • - Repair and conservation expenses.

  • - Expenses for formalizing lease contracts.

  • - Insurance premiums for damages and non-payments.

  • - Obtaining energy efficiency certificates.

• The maximum deduction limit is 154.65 euros, both in individual and joint taxation and regardless of the number of leased properties.

  It is not required that the property be rented in the tax period in which the expenses included in the deduction occur. In any case, it will be necessary to prove the expected rental situation of the property that causes the expenses.

  The deduction will only be applicable to housing leases provided for in article 2 of Law 29/1994, of November 24, on urban leases. Leases for use other than housing are therefore excluded.