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Government grants personal income tax deductions of up to 60% of personal income tax for home renovations

Publication: Wednesday, April 21, 2021 11:07

The Ministry of Transport, Mobility and Urban Agenda (Mitma) provides for personal income tax deductions of between 20% and 60% for owners who carry out rehabilitation works improving efficiency of their habitual residence or of one of their owners with a lease as their habitual residence.

The measure is part of the recovery, transformation and resilience plan that Spain will present this month to the European Commission and which plans to invest € 6,820 million in housing rehabilitation and urban regeneration during the next three years (2021-2023).

Work that allows a 7% reduction in the heating and air conditioning demand of the house will benefit from a deduction of 20% of the amount, which is comparable to replacing windows with others with high performance.

For those who assume a 30% saving in non-renewable primary energy consumption, the deduction will be 40%, although if these are made throughout the building, it will reach 60% for each of the individuals, according to the Mitma plan., to which EFE had access.

In any case, the energy saving will be accredited by the corresponding energy efficiency certificate, which for the highest deductions will be those of qualification A or B.

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