Your Local Community Magazine
Page 8 New benefits for families as of January 2015 Are you entitled to more family tax credit?
Female Focus By Ana Gay
Many of you may have already received a letter from the Tax Office informing you of the deductions applicable from next month for registered large families (those with 3 or more children) and those who have recognised disabled family members in their care. These tax payers will be able to benefit from the 1.200€ deduction applicable to their 2016 income tax return. Alternatively they can apply for advance payments from the 7th January, which will come in the form of a monthly payment of 100€.
This deduction can reach up to 2.400€ in the case of large families of special category (5 children or more; or 4 when at least 3 of them are from a multiple birth, adoption or permanent fostering). Also included in the large family bracket are single parent families with two children. Or where there are two parents with two children when one has a minimum disability of 33% (each disabled child computes as two). Step children are also included. Parents with four children are included in the special category if the collective income is inferior to the IPREM (Public Income Indicator of Multiple Effect) in force.
In order to be eligible, the requirements are as follows: - Registered and paying into the social security system, as either an employee or self employed. - Have the right to the application of the minimum deduction as the parent or child of a disabled person; or are a parent or orphan sibling (having lost both father and mother) and part of a large family. These circumstances will require documented proof. In the case of a large family, this will be with the large family book (Titulo de familia Numerosa). And in the case of disability the documentation issued by the Autonomous Community of residence, which the administration normally sends directly to the Tax office.
- NIF numbers for everyone involved. (Residencias). - The limit of this deduction will be the total contributions made to the Social Security or Mutual Insurance Company (this is the private health insurance associated to your social security) in each tax year. If you are eligible for the deductions because you have various ascendants or descendants with a disability, the limit is applicable separately to each one of them. Should you wish to apply for the payment up front, this should be done on form 143, one for each deduction applicable. It can be presented via the Tax Office web page (
www.agenciatributaria.es), using a password that is supplied on the letters sent out or via the telephone on 901 200 345. As of the 3rd February the application can be made in any tax office, as long as you present the filled out application, printed and signed. If there are various people in the household with the right to the same deduction, the application can be made individually or collectively. This can be modified each January. If the application is made collectively, all the applicants must sign the application form. The person that figures as primary applicant must comply with all the requirements and will be the receiver of the bank transfer. If the beneficiaries opt for applying individually then the deduction will be divided between all the eligible applicants in equal shares.
If you need assistance with this matter or any other legal or tax matter, then do not hesitate to contact me at via email
anagay@linkpointlegal.com or 966 260 500.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60