To allocate amounts to alleviate material damage to the habitual residence resulting from the storm
Regulations: Art. 4 Decree Law 12/2024, of November 12, of the Consell, on fiscal support measures for people affected by the floods caused by DANA of October 2024
Amount of deduction
100% of the repair costs incurred to deal with the damage caused directly and decisively by the storm in habitual residences that are located in the territorial scope of application of this deduction.
Expenses incurred from the time of the disaster, that is, October 29, 2024, until December 31, 2025, are deductible.
Deduction base
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It will consist of the amounts paid for the purpose of covering the costs of repairing damage to the habitual residence and the common elements of the property where it is located, in the amount that was not covered by current insurance contracts .
Important : The amounts used to purchase essential household goods are not included in the deduction base.
Expenses and investments intended for the repair and maintenance of buildings or parts thereof related to the development of economic activities will not entitle the user to this deduction.
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In the event that taxpayers have received public aid intended to cover the same expenses, the amount received must be deducted from the deduction base. When aid has been received by family or cohabitation units made up of several taxpayers , the aid to be deducted from the deduction base will be allocated in equal parts.
The aid to be deducted will be allocated equally between all members of the family unit or cohabitation unit who, having the status of taxpayers for having received income subject to tax, have incurred repair expenses to deal with material damage to their habitual residence resulting from the storm, even if some of them were not declarants or were not entitled to apply the deduction for exceeding the income limits.
Requirements for applying the deduction
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That the general and savings taxable base of the taxpayer, sum of boxes [0500] and [0510] of the declaration, does not exceed the following amounts:
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That the satisfaction of the amounts included in your base be made by credit or debit card, bank transfer, personal check or deposit into accounts in credit institutions .
Amounts paid through for the application of the deduction.
Deduction limits based on taxable base
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The maximum amount of the deduction will be 2,000 euros .
This maximum limit of 2,000 euros will only apply to taxpayers whose sum of the general taxable base and the savings taxable base is less than 40,000 euros, in individual taxation, or less than 55,000 euros, in joint taxation.
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When the sum of the general taxable base and the savings taxable base of the taxpayer is between 40,000 and 45,000 euros , in individual taxation, or between 55,000 and 60,000 euros, in joint taxation, the limits of the deduction will be the following:
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In individual taxation, the result of multiplying the maximum deduction limit (2,000 euros) by a percentage obtained by applying the following formula:
100 × (1 – the coefficient resulting from dividing by 5,000 the difference between the sum of the general taxable base and the taxpayer's savings and 40,000)
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In joint taxation , the result of multiplying the maximum deduction limit (2,000 euros) by a percentage obtained by applying the following formula:
100 × (1 – the coefficient resulting from dividing by 5,000 the difference between the sum of the general taxable base and the taxpayer's savings and 55,000)
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When two taxpayers filing personal income tax returns (IRPF) are entitled to apply this deduction, the limit will be prorated equally between them.
The apportionment of the maximum limit of the deduction must only be carried out when there is more than one person who, by filing a declaration, can apply the deduction for the same home by fulfilling all the requirements for doing so, including the maximum amount of the taxable base, even if they do not apply it effectively. Therefore, persons who do not file a declaration or those who have a taxable base higher than required are not taken into consideration for the purposes of the apportionment.
Temporal scope of application
The deduction is applicable exclusively in the years 2024 and 2025.
Outstanding balances to be applied
In the event that the taxpayer does not have sufficient autonomous full quota to apply all or part of the deduction in the period in which said right is generated, the amount not deducted may be transferred to the following four tax periods, until the total amount is exhausted, if applicable.