{"id":54959,"date":"2025-12-10T17:00:00","date_gmt":"2025-12-10T16:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=54959"},"modified":"2025-12-19T08:41:16","modified_gmt":"2025-12-19T07:41:16","slug":"year-end-taxation-catalonia","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/year-end-taxation-catalonia\/","title":{"rendered":"Year-end taxation in Catalonia"},"content":{"rendered":"
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As the last week of December approaches, the calendar seems to speed up. Between lunches, shopping and year-end closures, the same uncomfortable question reappears once again: am I still on time to reduce my 2025 tax bill?<\/b><\/h3>\n

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The answer is that maybe yes. And the surprising part is that one of the most powerful tools is still the great unknown: early repayment of the mortgage. An option that only makes sense for those <\/span>who<\/b> still have the right<\/b><\/a> to the tax deduction for the purchase of their main residence at the state level<\/b> and\/or can apply the transitional tax-relief scheme of Catalonia.<\/span><\/p>\n

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A deduction inherited from the past<\/b><\/h3>\n

The state deduction for the purchase of a main residence \u2014both interest and principal repaid\u2014 <\/span>has not <\/b>generated<\/b><\/a> new rights since 1 January 2013<\/b>. Only taxpayers who bought before this date, who met the requirements set by the regulations at the time and who had already applied this deduction in previous years, have access to it. Without this last point, you cannot apply the transitional scheme.<\/span><\/p>\n

In Catalonia the situation is similar,<\/span> where the regional <\/b>deduction<\/b><\/a> for investment in a main residence remains, but only under the transitional scheme<\/b>. Therefore, if you bought your flat or house after 31 December 2012, neither the State nor the Generalitat of Catalonia allow you to apply this deduction.<\/span><\/p>\n

In many cases the idea has been repeated that <\/span>\u201cyou can deduct up to 1,500 euros per year\u201d<\/b>, but this is a simplification. In Catalonia, the reference to 9,040 euros corresponds to the limits established for certain deductions within the transitional scheme. The exact applicable amount depends on the specific case and on whether it concerns the state portion, the regional portion, or special cases.<\/span><\/p>\n

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When early repayment makes sense\u2026 and when it is useless<\/b><\/h3>\n

The key is as simple as this: if the interest you pay each year already exceeds the deductible limit, r<\/span>epaying principal will not give you any additional tax benefit<\/b>. Early repayment, in these cases, is invisible to the Tax Agency.<\/span><\/p>\n

This often happens with older mortgages at 3%, because if you still owe around 120,000 euros, annual interest may range between 2,800 and 3,300 euros. If the deductible limit is lower, you have no margin left. <\/span>Early repayment adds nothing<\/b>.\u00a0<\/span><\/p>\n

In Catalonia, <\/span>if you qualify for the transitional scheme, the regional portion percentages are 7.5% or 15% in cases of disability<\/b>. But always within the maximum base allowed. In short, early repayment only makes sense if three conditions are met:\u00a0<\/span>
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