Paquete fiscal de 2.000 millones para intervenir la vivienda

A Spanish fiscal package worth 2,000 million euros has been proposed to address housing issues. The package, led by the Minister of Housing and Urban Agenda, Isabel Rodríguez, includes a wide range of tax incentives and penalties. One of the main provisions is a 5% reduction in net rental income, which depends on the evolution of rent relative to the previous contract. This could lead to significant tax savings for landlords who reduce rental prices.

For tenants, the package offers a deduction of 10% on their annual personal income tax declaration, provided their income does not exceed 33,007.20 euros per year. The package also includes an increase in the tax on unoccupied properties, including inherited or vacant homes. However, there is a provision for a 100% tax exemption on the capital gains if the property is sold for less than 200,000 euros, with the percentage decreasing for higher sale prices.

Another key aspect of the package is the introduction of a 10% VAT for short-term and tourist rentals. This is expected to affect the tourism industry, but it also offers a deduction for taxes paid on renovations, furniture, supplies, or management. Additionally, owners of rental properties can apply a 10% VAT for repairs and renovations, as opposed to the previous 21%. Construction of protected housing is also subject to a reduced 4% VAT, provided it is the first delivery of the property.

The package also includes changes to municipal property taxes, allowing municipalities to impose up to a 150% increase in property taxes for owners of vacant properties for more than two years without valid justification. The Plusvalía municipal coefficient will be updated from 1st December 2026, with a maximum of 0.30 according to years of tenure.

The Special Tax on Non-Distributed Benefits for Socimis investing in residential properties will increase from 15% to 25%, but they may reduce it to 0% if 80% of their portfolio is affordable rental income and they reinvest the profits within three years. The government will absorb the cost of non-evicted renters.