Housing accounts are one of the most profitable banking products that we buy when we buy the security within a relatively short housing. Profitability not only due to its interest rate, but mainly to the possibility of tax deduction that we can apply the total amount contributed to it throughout the year.
Account Housing
The deduction reaches 15% of money put into the fiscal year to the housing account, in case they are diverted to buy the first home and with an annual limit of 9,015 euros. That is, the maximum amount that can be deducted each year from EUR 1352.28. But these accounts must meet housing two basic requirements to be considered as such:
- What are separate accounts and not linked to any other type of bank taxation.
- Not counted if part or the total amount contributed is dedicated to a different purpose than the acquisition of the main dwelling.
These accounts must appear explicitly in the statement of Finance, and is valid only one account per taxpayer. Also lose the right to deduct the following cases:
- In the event that the sums intended for a purpose other than that provided for housing accounts
- For 4 years have elapsed from the signing of the housing account. The total quantity must be entered before the deadline for the acquisition or rehabilitation of residence. Amounts not provided for in this period are not entitled to deduction, unless the housing is under construction.
- In the event that the home purchased is not used as main residence
- Failure to fully identify the account, indicating the number and the bank
