{"id":5658,"date":"2023-02-17T09:00:04","date_gmt":"2023-02-17T09:00:04","guid":{"rendered":"https:\/\/kaleidoscope.es\/blog\/what-is-the-deduction-for-investment-in-a-primary-residence\/"},"modified":"2026-02-03T18:35:47","modified_gmt":"2026-02-03T18:35:47","slug":"what-is-the-deduction-for-investment-in-a-primary-residence","status":"publish","type":"post","link":"https:\/\/kaleidoscope.es\/en\/blog\/what-is-the-deduction-for-investment-in-a-primary-residence\/","title":{"rendered":"What is the deduction for investment in a primary residence?"},"content":{"rendered":"

If you are a homeowner and you are thinking of doing renovations, you have probably heard of the “deduction for investment in primary residence”. <\/span><\/p>\n

However, you may not know what exactly this deduction is and how you can take advantage of it to reduce the cost of your <\/span>comprehensive renovations<\/span><\/a>.<\/span> In this blog post, <\/span>we explain everything you need to know about the deduction for investment in a primary residence.<\/b><\/p>\n

What is the deduction for investment in a primary residence?<\/b><\/h2>\n

The deduction for investment in a primary residence is a tax relief that <\/span>allows homeowners to reduce the amount of tax they must pay in personal income tax<\/b>. <\/span> <\/p>\n

This deduction <\/span>It applies to investments made in the main residence, such as renovations and improvements. To this end, <\/b> Homes must meet certain criteria related <\/span> to energy efficiency<\/span><\/a> or accessibility for people with disabilities.<\/span> If you’re thinking of buying a house to renovate, take a look at what the <\/span>developer mortgage<\/span><\/a> is.<\/span> The tax deduction for investment in the main residence<\/span> was eliminated for new purchases from 2013 onwards.<\/b> <\/span> Those who purchased their home before that date<\/b> and are still paying the mortgage <\/span>can continue to apply the deduction.<\/b><\/p>\n

The deduction for investment in a home is usually <\/span>applied to a percentage of the expenses in renovations.<\/b> This percentage may vary depending on the legislation in force at any given time. <\/span> For example, in some cases, 50% of renovation expenses can be deducted, while in other cases the deduction can be 30%.<\/span> It is important to be aware of the legislation in force at all times, <\/b>as it can change over time.<\/span> <\/p>\n

How to take advantage of the deduction for investment in a main residence?<\/b><\/h2>\n

To take advantage of this deduction, it is important that you meet certain requirements. <\/span><\/p>\n

First of all, what we have previously mentioned is important, i.e. that the deduction for investment in a main residence was abolished in 2013, but <\/span>it continues to apply unchanged for those taxpayers who bought before January 1, 2013.<\/b> Of course, another necessary requirement is that the home in question is your main residence, that is, <\/span>the place where you live permanently. <\/b> In addition, it is necessary that the renovations or improvements made to the home are aimed at <\/span>improving energy efficiency or adapting the home to the needs of people with disabilities or the elderly.<\/b> Once the requirements have been met, the next step is <\/span>to hire a professional to carry out the relevant reforms or improvements. <\/b> It is important that the professional is a qualified professional and<\/span> that they can issue invoices with detailed expenses.<\/b> These invoices are essential to be able to claim the deduction for investment in a main residence.<\/span> Additionally, it’s important to note that this tax relief only applies to home renovations or improvements, not to housing-related overhead expenses such as <\/span>mortgage expenses or maintenance costs.<\/b><\/p>\n

Deduction limits in the main residence according to the type of investment<\/b><\/h2>\n

If you are thinking of making investments in rehabilitation, construction or extension of your main residence, it is important that there are some limitations.<\/span><\/p>\n

You may be interested in: <\/span>Extension of aid for the rehabilitation of homes<\/span><\/a><\/p>\n