Deductions in income tax for cushion the cost of rental annuityto reduce the growing invoice of the purchase of a home for young people or to encourage population fixation in the rural world; reductions in … the donation tax for transfer operations between relatives of a property for habitual housing or resources for the acquisition of a habitual home; Fiscal benefits in the Patrimonial Transmissions Tax When the acquired housing will be rehabilitated for the market for rent or by the acquisition of real estate or lots for development for protected housing promotions. The extensive inventory of benefits regulated by regional governments to reduce the fiscal cost of acquiring or inheriting a home, lighten the cost of living for rent and, lately, shake the market to raise the offer has already reached 186according to the latest data released yesterday by the Ministry of Finance.
Since the 2001 financing reform opened regional governments the possibility of introducing changes in the IRPF regulation the real estate market has been the main field of fiscal activismalso because the outbreak of the real estate bubble encouraged autonomies to adopt tax policies to revive a key market not only for their economies but especially for their income accounts.
After the first arreón of measures in the toughest years of the financial crisis, the fiscal tool kit of the CC.AA. To stimulate the real estate market – until then very oriented to lighten the cost of both the purchase and the rental of housing – it remained with few alterations to the pandemic.
A new approach
The subsequent economic recovery and market dysfunctions that have revealed, being the most obvious the lack of adaptation between strong demand and the limited existing supply, they have encouraged a Second wave of fiscal incentivesthat in just four years he has enrolled about fifty fiscal benefits in the autonomies of common regime until reaching 186.
Your orientation, however, is being something different. Galicia, Cantabria and Extremadura have approved for this year a new deduction in the income tax oriented to owners for Encourage them to put on homes that have unemployed in the marketwhenever they do that at an affordable price.
The objective is not so much to relieve the purchase or rental invoice, something on the other hand that today already make almost all the regional governments of a common regime, but Promote the real estate market offereither favoring the empty housing market, as these deductions claim, or guaranteeing a more favorable tax treatment to the acquisition of real estate or soils to develop affordable housing promotions, through sales in the property transmissions tax, such as Hacienda Galicia or Asturias. Galicia has also approved a measure to guarantee that favorable fiscal treatment to commercial premises provided they are going to use for housing.
According to the last balance published yesterday by the Ministry of Finance, the governments of the Autonomous Communities of Common Regime They have already regulated 324 tax deductionsafter the dozen new aid approved by 2025, being the Valencian Community with 37 the one that has the most and Catalonia with 10, the least.
The last trend is to have tax advantages to attract foreign investors, something that Cantabria, Extremadura and Madrid have already done.
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