Navarre restores the 15% youth deduction for home purchase

OnFriday, the Government of Navarre approved the Tax Measures Bill for 2027, which recoversup to 15% deduction for the purchase of the first home for young people under 35 years of age and provides for deflation of the IRPF rate up to 5% for incomes below 51,266 euros and up to 4% for those above that figure.

The members of the Executive (PSN, Geroa Bai and Contigo-Zurekin) and EH Bilduhave agreed on the measure at the Fiscal Bureau. According to José Luis Arasti, Economic and Finance Adviser of the Government of Navarre , the agreement "has not been easy".

The home purchase deduction is a measure that Navarre had in place a decade ago, this time with the following limits:\u00A0The price of the house may not exceed 300,000 euros, the maximum annual income limit may not exceed 45,000 euros, and certain conditions have been established for the sale of the property for the first 15 years.

The measures, in addition to the housing purchase deduction, include deflation of the IRPF rate, up to 5% for incomes below €51,266 and up to 4% for those above that amount. The total cost of the measures adopted is €89.5 million.