With effect from 2025, the deductions related to housing in Fuerteventura have been modified; in some cases they have been extended, in others they have been extended and there are even new ones. deductions for housing in Fuerteventura.
We explain it to you so that you can make the most of the tax advantages of the Canary Islands and Spain.
Modifications in Personal Income Tax: Deductions
On December 30, 2024, Law 5/2024, of December 26, 2024, on the General Budget of the Autonomous Community of the Canary Islands for 2025, was published in the Official Gazette of the Canary Islands, which includes new tax measures to help families looking for housing.
The deductions that are eliminated are the deductions for donationsfor the acquisition or rehabilitation of the first habitual residence, variation of the Euribor and price increases.
Increased housing deductions
The amounts of deductions are increased, such as deductions for investment, energy rehabilitation, carrying out adaptation works due to disability or renting of the habitual residence.
Deduction for investment in primary residence: 5% for incomes below €25,500, 3.5% for incomes between €25,500 and €45,500, with increases for those under 40 years of age. The maximum base is €6,000 per year.
Deduction for Energy Rehabilitation Works on Habitual Housing: 12% (maximum 10% of the regional tax liability) on amounts destined to improve the energy efficiency of the habitual residence owned by the taxpayer. It excludes works in areas such as gardens, swimming pools or sports facilities. The maximum annual base is 7,000 euros.
Deduction for Works of Adaptation of Habitual Housing due to Disability: Deduction of 14% (18% if the taxpayer or beneficiary is over 65 years old) on expenses destined to the accessibility of persons with disabilities equal or superior to 65%. Maximum base: 15,000 euros
Deduction for Rent of Habitual Housing: Deduction of 24% (maximum 740 euros per year) if the rent exceeds 10% of the income obtained. Maximum income: 45,500 euros; increases in joint taxation.
Deduction for rentals linked to dation in payment: Deduction of 25%(maximum 1,200 euros per year) for rentals linked to dation in payment, with income not exceeding 45,500 euros.
New deductions for housing in the Canary Islands
New regional deductions are created, which affect taxpayers with permanent residence in Fuerteventura:
- For expenses derived from the adaptation of properties to be rented as a habitual residence: 10% of the expenses with a maximum of 150 euros per leased property.
- 1,000 euros for each property located in the Canary Islands.
Extended deductions for home energy improvement works:
- Deduction of 20% for actions that reduce by 7% the heating and cooling demand in the main residence. Individuals who carry out rehabilitation and improvement actions in which a reduction of at least seven percent in the heating and cooling demand is obtained, according to the energy efficiency certificate of the dwelling, will be eligible for this deduction. The deduction percentage is 20% of the amounts paid for the works carried out in the application period, up to a maximum of 5,000 euros per dwelling.
- Deduction of 40% for actions that reduce by 30% the consumption of non-renewable primary energy, or improve the energy rating reaching the letters “A” or “B”in habitual residence. Individuals who carry out rehabilitation or improvement actions in which at least 30% of the non-renewable primary energy consumption is reduced, accredited through the energy efficiency certificate of the dwelling, or improve the energy rating of the dwelling to obtain an energy class “A” or “B”, in the same rating scale, will be eligible for this deduction. The deduction percentage is 40% of the amounts paid for the works carried out in the application period, up to a maximum of 7,500 euros per dwelling.
- Deduction of 60% for actions that reduce by 30% the consumption of non-renewable primary energy, or improve the rating reaching the letters “A” or “B” in residential buildings. They must be improvement actions that affect the building as a whole. The deduction percentage is 60% of the amounts paid for the works carried out in the application period, up to a maximum of 15,000 euros per dwelling.
Document with the Fuerteventura Deductions for housing
In Destiny Home we have prepared a complete document with all the deductions that apply in Fuerteventura (Canary Islands) for housing: rent, investment, lease, donations for rehabilitation, insurance premiums:
- For investment in primary residence
- For rental of principal residence
- For leasing of primary residence linked to certain dation-in-payment transactions
- For cash donations to descendants or adopted children under 35 years of age for the acquisition or rehabilitation of their first habitual residence.
- For expenses on credit insurance premiums to cover non-payment of rent on residential leases.
Download the document of Fuerteventura deductions for housing (PDF, Spanish):
Cover photo La Antigua: srenergia.es
