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Hacienda Confirms Madrid Homeowners With Pre‑2013 Mortgages Can Deduct Part of Home Insurance Up to €1,356

Eligibility is limited to pre‑2013 home purchases with an active mortgage under Spain’s transitional home deduction regime.

Imagen de archivo de una empleada de la Agencia Tributaria atendiendo a los contribuyentes durante la campaña declaración de la Renta.
La vicepresidenta primera del Gobierno y ministra de Hacienda, María Jesús Montero, presenta la propuesta del nuevo modelo de financiación autonómica, a 9 de enero de 2026, en Madrid (España).
No suele ser posible deducir el 100% del recibo del seguro

Overview

  • The deduction stems from the 9,040 euro annual base for investment in a primary residence, with a 15% cap that sets the maximum tax relief at 1,356 euros.
  • Only the share of the premium strictly tied to the mortgage is eligible, while add‑on or complementary coverages are excluded.
  • The policy must be linked to the loan and arranged with the lending entity from the start of the mortgage, according to the tax authority’s criteria.
  • The 1,356 euro ceiling applies to the full set of amounts claimed under the home investment deduction, not solely to the home‑insurance component.
  • The 2024 income‑tax campaign opens on April 8, with filing required from 22,000 euros of employment income with one payer or 15,876 euros with multiple payers, and media report that final administrative steps are expected in 2026 for possible effects in 2027.