Last chance to acquire tax-deductible homes in Spain

19 Dec Last chance to acquire tax-deductible homes in Spain

Form January 1^st , those contributors who have a yearly income (taxable base) exceeding 24.107,20 €, will no longer enjoy the current tax deductions that were applicable to residents in Spain in cases of purchase of habitual housing or rehabilitation of those who are disabled. Nevertheless, a transitional regime is set by means of which the rights acquired by those citizens that had purchased their home prior to December 31 are respected. This means that it would be desirable, on the assumption that you have intention to purchase your new residence, to complete the purchase before that date, since it could save you more than 1300 € per year, and during the lifetime of the loan.

Published on: Dec 19, 2010