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Home savings account

Home savings account
  • Can the account be in more than one name?>
    Given the nature of the account’s tax implications, we recommend only one accountholder.
  • Can I draw funds from the account for other purposes, return them before the end of the year and still benefit from the tax advantages?>
    No. The sole purpose of a home savings account is to invest in a home.
  • Can I open a home savings account in Navarra and get tax deductions in Navarra even though I end up buying a flat somewhere else and continue having deductions there?
    Yes, so long as the time limits, which may be different, are observed.

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