Check the insurance you have contracted well because you can deduct yourself in the Income statement that begins this April.
Do you know which ones they are?
– Home Insurance. They deduct tax whenever the bank requires you to have home insurance in the deed of sale of your habitual residence. If it is NOT specified, you can deduct the part that covers the obligatory risks.
- Life insurance. It happens the same as in the previous case. Deduct if it is linked to your mortgage. In both cases, your insurer must issue a certificate detailing the amount.
– Life Insurance for the Self-Employed; If you are self-employed and take out your life insurance from a social security entity, your contributions will also benefit from reductions in your income tax return.
What else deducts?
Other payments linked to your home such as the expenses derived from the purchase-sale, the ITP (Property Transfer Tax), AJD (Documented Legal Acts), VAT, notaries, registration fees...
And the Pension Fund.
Your contributions are tax-deductible between 24,75% and 52% depending on the Autonomous Community where you live. There is a limit for contributions of €10.000 up to the age of 50 and, from that age, of €12.500