Housing Tax Account
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 relief that we can apply the total amount contributed to it throughout the year.
The deduction reaches 15% of the sums within the fiscal year to the housing account, in case they are engaged in the purchase of the first housing and with an annual limit of 9,015 euros. That is, the maximum amount that can be deducted annually from EUR 1352.28. But these accounts homes must meet two basic requirements to be considered as such:
* What are separate accounts and is 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 be included 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 residential accounts
* For four years have elapsed since the hiring of the housing account. All of the amounts paid must be allocated before that time to 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 acquired property is not used as main residence
* Failure to fully identify the account, indicating the number and the bank