When making the Income statement, the Tax Agency takes into account so many aspects that it is essential to be aware of , with the aim that the result of our balance with the Treasury is positive. There are very common fields, but also others that are little known. This is the case of home insurance.
As a general rule, the vast majority of taxpayers’ home insurance does not give rise to deductions, but there are certain exceptions, certain cases that do give the right to apply deductions that can be very valuable. For this, it is essential to have the right to take advantage of the state deduction for home purchase.
, home insurance is one of the expenses that can be deducted in the declaration in those cases of home acquisitions made before January 1, 2013. The condition is that “they are included in the conditions of the mortgage loans obtained” to it. Fire insurance is also included here.
As they are included in , the same limit applies to them: 15% of the amounts paid (7.5% state and 7.5% regional) up to a limit of 9,040 euros per year. To take advantage of it, you must go to boxes 547 and 548, in which you must register the deductible amounts.
In addition, there is another way to deduct this home insurance, but in different cases from that of the habitual residence. These are those cases in which the taxpayer has rented a home and has contracted some insurance to cover the possible expenses of damages in this rented property.
, is a deductible expense as part of the calculation of the net return on real estate capital. The agency explains that “insurance contract premiums, whether for civil liability, fire, theft, glass breakage or others of a similar nature, on the goods or rights that produce the yields” can be deducted.
To do this, you must go to box 114, in section C of real estate. In ‘Insurance contract premiums’ the amount paid must be indicated.
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