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Practical Guide to Income Tax 2025. Part 2. Autonomous community deductions

For savings-investment in the acquisition or construction of the first main residence

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

Amount and maximum limits

  • He 15 percent of the amounts that are deposited during the tax period in accounts of credit institutions provided that the amount deposited that has generated the right to the deduction be allocated, before the passage of 6 years from the date the account was opened, to the acquisition or construction of the first main residence in the territory of the Autonomous Community of Castilla-La Mancha.

    It shall be understood by home purchase the acquisition in the legal sense of the right of ownership or full control thereof, without such consideration being distorted because this ownership is shared with other co-owners.

    It will be considered main residence of the taxpayer the building that constitutes his residence for a continuous period of at least three years. However, the dwelling will be deemed to have had a habitual residence status when, despite the aforementioned period not having elapsed, the taxpayer dies or other circumstances occur that necessarily require a change of address, such as a marriage, marital separation, job transfer, obtaining the first job, or change of employment, or other similar justified circumstances. For the dwelling to constitute the habitual residence of the taxpayer, it must be effectively and permanently inhabited by the taxpayer within a period of twelve months, counting from the date of acquisition or completion of the works. However, it will be understood that the dwelling does not lose its habitual character when the death of the taxpayer occurs or other circumstances occur that necessarily prevent the occupation of the dwelling, in the terms provided for in the previous paragraph. When the exceptions provided for in the two preceding paragraphs apply, the deduction for the acquisition of a home will be applied until the circumstances arise that necessarily require the change of home or prevent its occupation.

  • The total maximum deduction will be 3,000 euros and the maximum annual deduction of 750 euros.

Conditions that the accounts in which the deposit of the amounts is made must meet

  1. They must be separate from any other type of taxation.each taxpayer may only maintain one account of this type. 

  2. The account balance on the tax accrual date must be higher as of the accrual date of the previous tax period, at least for the same amountand that has given the right to make the deduction.

  3. It will be understood that the provision requirement is not breached when the deposited amounts that have generated the right to the deduction are fully replenished or contributed, prior to the accrual of the Tax, to an account with the same or another credit institution that fulfills the same purpose and conditions.

  4. The destination requirement will not be considered unfulfilled. from the amount in the account to the acquisition of the main residence in the event of the taxpayer's death before the end of the maximum period of 6 years.

  5. The amounts deposited in the accounts that have generated the right to the deduction they will not be eligible for deduction again when they are intended for the acquisition of the main residence.

Requirements and other conditions for the application of the deduction

  • That the taxpayer's age be under 36 years old.

  • Notwithstanding the foregoing, contributions made by the obligated party into the account may be included in the deduction. within the year in which he turns 36..

  • That the sum of the general tax base and the savings of the taxpayer, boxes [0435] and [0460] of the declaration, does not exceed :

    • - 27,000 euros in individual taxation.

    • - 36,000 euros in joint taxation.

  • In case of joint taxation the amount of the deduction is will prorate among the taxpayers based on the contribution made by each of them.

Loss of the right to deductions made

In the event of non-compliance that results in the loss of the right to deductions already made, the regularization must be carried out in accordance with the provisions of the state tax regulations.

Important: Once the taxpayers entitled to the deduction have entered the information necessary for its calculation, its amount will appear in the box [0969] of Annex B.4 of the declaration, "Other deductions".