Grupo Vapf

New Government Real Estate Measures

During the parliament debate and  opening ceremony of the new presidential term that took place last 19 December 2011 , Spanish new President  Mariano Rajoy, revealed some of the new measures that the new nation’s government plans to implement in terms of housing and real estate.

Among the measures that will apply the new government, we can mention that the reduced Value Added Tax (kept in just a rate of 4%) will be still available in the following cases: if it comes to purchasing a newly built property, intended to main residence in the country and with a limit on its purchase price (which today has not been established by the government).

Another financial news is the implementation once again of the deduction in income tax (Income Tax on Individuals) for investment in housing for all income standard, and not only valid for incomes below € 24,000, as it was until last year.

In the coming days we will inform you about the evolution of these financial measures, dates of implementation and the requirements for applying for the benefits.

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