For the landlord of real estate intended for permanent housing in the territory of the Balearic Islands. Other expenses

Attention : This deduction is not applicable to taxpayers who died before December 13, 2024 .

Regulations: Art. 4 quater.2 Consolidated Text of the legal provisions of the Autonomous Community of the Balearic Islands regarding taxes ceded by the State, approved by Legislative Decree 1/2014, of June 6

Amount and maximum limit of the deduction

• 50 percent of the expenses paid by the taxpayer during the financial year for:

  • - property insurance premiums; 

  • - repair and maintenance costs; 

  • - and, if applicable, other expenses:

    • - inherent to the community of owners;

    • - tributaries;

    • - linked to the formalization of lease contracts and

    • - to obtain energy efficiency certificates related to rented housing.

• A maximum limit of is established for the deduction of:

  • - 1,500 euros per year, in general.

  • - 1,800 euros for taxpayers who, meeting all the requirements applicable to this deduction, rent the property to the Administration of the autonomous community of the Balearic Islands or to an entity comprising the instrumental public sector of this administration for subletting to the corresponding beneficiaries within the framework of the Secure Rental programs or other specific programs approved for this purpose by the autonomous community.

  • For the application of the increased limit, if the taxpayer rents more than one dwelling it is sufficient that he she meets the requirement with respect to one of such dwellings.

Temporal scope of application of the deduction

The deduction is applicable only once in the first fiscal year in which all the requirements indicated below are verified.

Requirements for applying the deduction

• That it is about homes located in the Balearic Islands .

• That the duration of the residential lease contract with the same tenant is equal to or greater than one year , without prejudice to the mandatory extensions for the landlord regulated in article 9 of the LAU .

  Clarifications:

  - The deduction is only applicable to residential leases provided for in article 2 of the LAU .

  - The right to apply the deduction will not be lost in the event of the death of the tenant, withdrawal after 6 months from the conclusion of the contract and before the initial minimum duration of one year has elapsed (article 11 LAU ) or termination of the rental contract due to breaches not attributable to the landlord in the cases provided for in LAU .

• That the deposit of the guarantee referred to in article 36.1 of Law 29/1994, of November 24, on urban leases, has been made in favor of the Balearic Housing Institute.

• That taxpayer declare in the Personal Income Tax the income derived from the rental income of the home as income from real estate capital.

• That the sum of the general tax base and the savings tax base, boxes [0435] and [0460] of the taxpayer, does not exceed the amount of 84,480 euros in the case of joint taxation and 52,800 euros in the case of individual taxation.

• That the dwelling has not been rented for at least the two fiscal years immediately preceding the fiscal year in which the deduction is applied.

• That the amount of the rental income for each tenant does not exceed 15 euros per month per square meter of useful surface area of the rented dwelling.

  In order to verify compliance with this requirement, all expense items that the tenant must bear and satisfy must be computed.

• That the expenses are paid in the same tax period and are documented by means of the invoices or the corresponding equivalent documents, which must be kept available to the tax authorities. 

Compatibility

This deduction is compatible with the application of the deduction "For the landlord of real estate intended for permanent housing in the territory of the Balearic Islands. Insurance premiums."