Mortgage: Tipo fijo
The sums used to amortise the principal, pay interests and the expenses involved in financing your usual residence form part of the tax deduction base.
The deduction is 15% of the deduction base and consists of a state deduction of 10.05% and an autonomous community deduction of 4.95% (special percentages have been approved in some Autonomous Communities).For residents of the Community of Navarra, the deduction percentages depend on the size of the family unit (15%, 18% or 30%).
For residents of the Autonomous Community of the Basque Country, the deduction is 18%, and 23% for contributors aged under 35 or with large families.
Annual deduction limit
The maximum annual deduction base is €9,015 per tax return, including all the amounts eligible for deduction (direct investment, loan interests and amortisation, contributions to home savings accounts, etc.).
For residents of the Community of Navarra, this limit is €21,035 for joint tax returns.
For residents of the Autonomous Community of the Basque Country, the maximum annual deduction is €2,160, and €2,760 for contributors aged under 35 or with large families. This deduction corresponds to a contribution of €12,000.
Overall deduction limit
For residents of the Community of Navarra, the deduction for housing cannot exceed €90,150 on individual tax returns or €210,350 on joint tax returns over all the tax years in which a deduction is applied.
This limit includes the deduction bases applied as of the 31st of December 1998 and prior contributions to home savings accounts if not used for the purchase or restoration of the usual residence prior to that date.
In the Autonomous Community of the Basque Country, the overall deduction per contributor cannot exceed €36,000 (corresponding to an investment of €200,000 applying the rate of 18%).