From the Advice of the Association of Property Administrators of the Province of Alicante they transmit us an informative circular related to the future autonomous income tax deductions related to the Conservation works or improvement of the quality, sustainability and accessibility in the habitual residence, carried out from January 1, 2014 to December 31, 2015. This information will surely be of interest to our clients given the impact it could have on the budgets of their communities. For this reason we publish it on our blog for information.
According to LAW 7/2014, of December 22, on Fiscal Measures, Administrative and Financial Management, and Organization of the Generalitat (DOGV No. 7432 of 2014), in its thirteenth additional provision, it establishes the conditions that must be met in order to apply the deduction for works of conservation or improvement of the quality, sustainability and accessibility in the main residence, carried out from January 1, 2014 to December 31, 2015.
What can amounts can be deducted?
Taxpayers may be deducted for the works carried out from the From January 1, 2014 to December 31, 2015 in the habitual residence of which they are the owners or holders of a real right of use and enjoyment, or in the building in which it is located, provided that they are intended to be preserved , or the improvement of quality, sustainability and accessibility, in the terms provided by the State Plan for the promotion of rental housing, building rehabilitation, and urban regeneration and renewal, 2013-2016, approved by Royal Decree 233/2013 , of April 5, or those provided for in the regional regulations on rehabilitation, design and quality in housing:
a) 10 percent of the amounts paid in the tax period for works carried out in 2014.
b) 25 percent of the amounts paid in the tax period for works carried out in 2015.
What investments cannot be deducted?
They will not give the right to practice this deduction:
a) Works carried out in parking spaces, gardens, parks, swimming pools and sports facilities and other similar elements.
b) Investments for the use of renewable energy sources in the habitual residence to which any other regional deduction for the same concept is applicable.
c) The part of the investment financed with public subsidies.
It will be a requirement for the application of this deduction the identification, by means of their tax identification number, of the persons or entities that materially carry out the works.
The base of this deduction will be constituted by the amounts paid, by means of a credit or debit card, bank transfer, nominative check or deposit in accounts in credit entities, to the persons or entities that carry out such works.
In no case, will the amounts paid through deliveries of legal tender money be entitled to practice this deduction.
How much is the maximum deduction established?
The maximum annual base of this deduction will be:
a) When the sum of the general taxable base and the savings is less than 23,000 euros per year, in individual taxation, or 37,000 euros, in joint taxation: 4,500 euros per year.
b) When the sum of the general taxable base and the savings is between 23,000 and 25,000 euros per year, in individual taxation, or between 37,000 euros and 40,000 euros, in joint taxation: the result of applying to 4,500 euros per year:
One. In individual taxation: a percentage obtained from the application of the following formula: 100 x (1 – the coefficient resulting from dividing by 2,000 the difference between the sum of the general taxable base and the savings of the taxpayer and 23,000).
Two. In joint taxation: a percentage obtained from the application of the following formula: 100 x (1 – the coefficient resulting from dividing by 3,000 the difference between the sum of the general taxable base and the taxpayer’s savings and 37,000).
The accumulated base of the deduction corresponding to the tax periods in which it is applicable may not exceed 5,000 euros per dwelling.
When several declaring taxpayers concur with the right to practice the deduction with respect to the same dwelling, the maximum annual deduction base will be weighted for each of them based on their percentage of ownership of the property.
