" Q hat happens to the relief of residence and / or mortgage if I move house without selling the first? .
The grounds are home from a voluntary change to one forced by a job transfer. The question is whether I can apply it to the second home purchased, since the former is no longer my home normal and if so, what requirements should be fulfilled.
If this is your case, you should know that the tax credit for home ownership is not lost with the change of residence, but that there are certain considerations to keep in mind:
What is meant by primary residence?
The first major question is what is meant by residence, and spent only what she will be entitled to relief (not second homes). for a household is considered normal by doing, and therefore give right to deduct, must meet two requirements: it becomes your home within a year since the purchase and you continue to live there for at least three years , ie that during this time you rent or assign to a third party use without claiming the money will finance you've liberalized in until then (except where justified as job change, marital separation, or other valid reasons).
What if I change residence?
If after more than three years paying a mortgage and desgravándote by her decide to move house and buy a new home without selling the previous one, let power desgravarte the first from the moment that make up your residence in the new building. Yes, you'll be able to deduct for expenses that you assume your new home, but not from the first euro. This last point is perhaps the most important of all.
When buying a house to live in, having previously had a different, also in property, finance can not deduct twice by the same amount . ie, you can not deduct it contributed to the new house until the money invested in it exceed the amounts that have already been entitled to deduct. for example, over the years has deductible as 50,000 euros residence and buying a new home (provided it becomes your second residence), you can not desgravarte for the first 50,000 euros to spend on it as the "tax benefit" in that money and you enjoyed the previous purchase. In short, you can only desgravarte when you invested in the second EUR 50,001 euros just for the additional to the initial amount
What if I sell the first home?
if you sell what has been your primary residence to buy a few things you should know. The first one if you want to pay estate taxes on the money from the sale must reinvest this amount in the purchase of your new residence in a maximum of two years. In addition, must buy a more expensive house than the first . If you stick strictly to these points do not have to pay taxes on the money you get with the sale, and that is considered exempt because it is reinvested in residence. Once you've plowed two quantities (above plus investment gains) in new home you can start again desgravarte for your new home and / or mortgage.
In our example, if the sale of the primary residence is produced by 100,000 euros and involves a capital gain of € 30,000 for the owner, it can not tax deductible for the new home for the first 80,000 euros to devote to it (the result of add the 50,000 euros that had been liberalized in earlier in the other residence plus 30,000 euros that was obtained from gain on the sale
in short, moving house does not mean losing the right to deduct for housing , but only if it is your residence and amounts 'new' to allocate to this concept and have not liberalized in previamante.
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