this 2021 Income campaign It’s about to begin, and as every year, many doubts still arise. deductible expenses in each autonomous community. And one of the most frequently asked questions, rental deductions in residential area. Inside Valencian Communityfor example there are two deductions from personal income tax for rental of habitual residence. We tell you what they are and how you can do it. lower your rent income statement.
Deduction of 5% of income from residential rentals
The maximum annual base of this deduction, homemadeIt is set at 3,000 Euros and for this rental income must not exceed the reference price of private rentals in the Valencian Community.. These are the necessary requirements:
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Obtaining all of the income from residential rental contracts initiated during the tax period.
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If the property was previously rented for less than 3 years, the tenant may not coincide with the one established in the previous contract.
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The presence of the leased property in certain regions.
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Established before the end of the tax period bail deposit.
Deduction for habitual residential rent
Also a offsetting amounts paid for rent of habitual residence for tenants. dir-dir Rent reduction in the Community of Valencia Although it should be the usual residence’s rent in any case, it is conditioned to the following amounts and the contract date is after April 23, 1998 and its duration is 1 year or more:
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20 percent, the limit is 700 euros.
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If the tenant meets one of the following conditions, 25 percent with a limit of 850 Euros, 30 percent with a limit of 1,000 Euros if they meet two or more:
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Has an age equal to or less than 35 years old.
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Having a physical or sensory disability equal to or greater than 65 percent, or an intellectual disability equal to or greater than 33 percent.
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Being considered a victim of gender-based violence.
this If you live in the Community of Valencia, the requirements for deducting rent from the income statement these are:
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It is the rental of the habitual abode in which he actually resides, provided that the contract date is after 23 April 1998 and its duration is one year or more.
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During at least half of the tax period, neither the taxpayer nor any member of the family unit owns another home less than 100 kilometers from the rented home.
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The taxpayer is not entitled to any deductions for the same tax period for the investment in the habitual residence, excluding amounts deposited in residential accounts.
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The sum of the general tax base and the taxpayer’s savings tax base is not more than 30,000 euros in individual taxation and 50,000 euros in joint taxation.
In general, this entire amount interruption It will only apply to taxpayers whose general tax base and taxable savings base total is less than EUR 26,000 in individual taxation or EUR 46,000 in joint taxation.
However, if the sum of the general tax base and the taxpayer’s savings tax base is between 26,000 euros and 30,000 euros in individual taxation or between 46,000 euros and 50,000 euros in joint taxation, the deduction amounts and limits will be as follows:
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In individual taxation, the deduction amount or limit multiplied by a percentage obtained by applying the following formula: 100 × [1 – 4.000 / (base liquidable general + base liquidable del ahorro) /26.000]
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In joint taxation, the deduction amount or limit multiplied by a percentage obtained by applying the following formula: 100 × [1 – 4.000 / (base liquidable general + base liquidable del ahorro) /46.000]