Spanish Mortgage tax relief

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This topic contains 2 replies, has 2 voices, and was last updated by Profile photo of marios marios 3 years, 9 months ago.

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  • #57275
    Profile photo of marios
    marios
    Participant

    Can anyone point me to some information on this I believe it is still in force at a rate of 15% but can’t find any concrete info regarding the rules around it,we are due to move to Spain within 2 years and currently have a spanish mortgage so any little crumb will be gladly received.

    PS I know there is talk on re abolishing it again.

  • #115271
    Profile photo of Chopera
    Chopera
    Participant

    You can still claim tax back on mortgage repayments for properties bought before 1st Jan 2013. The limit for each working person is about €9k so at most a couple could pay off €18k and claim 15% tax relief (€2700) each year. You need to be resident and you claim the rebate when you fill in your tax return (you shouldn’t hang around as there is a relatively tight deadline). It sounds like it might be worth taking a repayment holiday on your mortgage (if possible) and then paying it off while you are resident.

  • #115277
    Profile photo of marios
    marios
    Participant

    @chopera wrote:

    You can still claim tax back on mortgage repayments for properties bought before 1st Jan 2013. The limit for each working person is about €9k so at most a couple could pay off €18k and claim 15% tax relief (€2700) each year. You need to be resident and you claim the rebate when you fill in your tax return (you shouldn’t hang around as there is a relatively tight deadline). It sounds like it might be worth taking a repayment holiday on your mortgage (if possible) and then paying it off while you are resident.

    Thanks Chopera

    Is there a limit on your income before you can claim ie if your income is over a maximum or doesn’t it matter,also not quite sure what you mean by taking a repayment holiday etc,aslo we can’t move for about 2 years.

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