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Practical manual for Income Tax 2024. Part 2. Autonomous community deductions

Common limits and formal obligations to apply deductions

Regulations: Art. 18 Revised 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

Common limits

  • The sum of the deductions applied to the full regional quota may in no case exceed the amount of the quota itself.

  • On the same good , by the same taxpayer , more than one of the regional deductions may not be applied.

    Consequently, the regional deductions for investment in a habitual residence and for works to adapt the habitual residence cannot be applied simultaneously when the amounts that give rise to them refer to the same residence, even if the amounts invested are different.

  • The The bases of the deductions will be reduced by the amount of public aid granted in the tax period, which are exempt in the PIT and cover all or part of the expenses that generate the right to the deduction.

Formal obligations

  • Taxpayers of the PIT They are required to retain, for the limitation period, the supporting documents and evidence proving their right to enjoy the tax deductions they have actually applied.

  • By Order of the Councillor of the Autonomous Community of the Canary Islands responsible for tax matters, justification and information obligations may be established for the control of the deductions referred to in the previous section.