Anyone who pays income tax in Spain and earns less than 53,007,20 euros a year qualifies for income tax deductions of 20% on improvements to first or second homes until December 2012.
Central Government has introduced the measure in an effort to support the faltering building trade and encourage householders to carry out insulation and energy saving home improvements.
Almost anyone who pays income tax in Spain can benefit from this move as only some 2.7% of contributors are excluded and deductions for those earning between 53,000 and 71,000 are on a sliding scale.
The amount of the deduction has doubled from 10% to 20% and the maximum deduction has been increased from 4,000 euros to 6,750 euros.
