Resident taxpayers in Spain are given certain Spanish tax deductions. A basic personal allowance for everyone under the age of 65 is set at €5,550, this is increased to €6,700 for people over the age of 65 and €8,100 from the age of 75+.
If you have children under 25 living with you, and an income of less than €8,000 per year, you can claim an additional allowance of:
- €2,400 for the first child
- €2,700 for the second
- €4,000 for the third
- €4,500 for the fourth
There is an additional allowance of €2,800 for each child under three years. If you have a parent or grandparent living with you, with an income of less than €8,000, you can claim an allowance of €1,150 if they are over 65 and €2,550 if they are over 75.
In general, you can claim tax deductions in Spain for:
- Payments into the Spanish social security system
- Spanish private pension plan contributions
- The costs of buying and renovating your main home
- Charitable donations