Cs proposes a deduction in personal income tax to deduct up to 400 euros for the rise in mortgage rates


Citizens have proposed in Congress a temporary and extraordinary deduction in the Personal Income Tax (IRPF) to deduct up to 400 euros and compensate for the increase in interest rates as a result of the rise in mortgages.

This is the proposal that the ‘orange’ formation has registered in Congress in a motion as a consequence of the interpellation addressed this Wednesday to the Vice President of Economic Affairs, Nadia Calviño, in the control session of the Government. The proposal will be debated and voted on in plenary next week.

Cs justifies this measure in the need to accompany with fiscal policies the rise in rates decreed by the European Central Bank (ECB) and the forecast that the cost of mortgages referenced to the Euribor will continue to increase in the coming months.

According to the calculations exposed by this formation, the additional cost in a mortgage signed last year with a variable rate would amount to 1,412 euros per year. In 2021, they highlight, more than 37% of the mortgages signed were constituted at a variable rate.