IRS, IMI, IMT and other OE2020 real estate news - Part 2

Monuments no longer exempt from IMI

National monuments and buildings of public or municipal interest will lose their exemption from paying the Municipal Property Tax (IMI) next year.

 

The exemption is maintained for buildings related to stores with history (which are recognized by the municipality as establishments of historical and cultural or social interest), real estate of associations, religious organizations, or private education establishments, among others.

 

Aggravated IMI rate for urban pressure zones

Urban buildings or autonomous fractions that have been vacant for more than two years, dilapidated buildings, as well as building land suitable for residential use located in an urban pressure zone, will be subject to an increased IMI tax.

 

In these cases, the IMI rate will be six times higher than that set by the municipality for the year concerned, and will be increased by more than 10% in subsequent years.

 

Joining Affordable Income Gives IRS and IRC Exemption

The Costa Executive wants to give tax breaks to homeowners who decide to join affordable housing lease programs. They will be exempt from IRS and IRC if they earn below market value for a minimum period of five years.

 

State housing buildings exempt from state compensation

The preliminary version of the SO2020 puts on the table the possibility of exempting public buildings used for student accommodation from the payment of compensation to the state.

 

Gold visa regime will be reviewed

This is another news of the preliminary version of the OE2020. The Government wants to review the Investment Residence Permits (ARI) regime, as the idealist / news reported.

 

The idea is to change the scope of gold visas and to promote the promotion of investment in low-density regions, as well as investment in urban requalification, cultural heritage, activities of high environmental or social value, productive investment and creation. of job.

 

IHRU with budget of 135 million euros

The draft version of the document shows that the Institute of Urban Housing and Rehabilitation (IHRU) will have a budget of 135 million euros next year to implement public housing policies. The government body will be funded by direct transfers from the Directorate General for Treasury and Finance, up to € 85 million, with the remainder coming from loans to the European Investment Bank (EIB), according to Público.

 

Mandatory merging falls?

The incorporation of property income for the purposes of the IRS made a lot of ink run through last November. On the table was the possibility of making it compulsory as it has been optional up to now. In practice, this change could increase taxes for many homeowners.

 

It appears that the Government has decided to postpone the measure envisaged in the Executive's program for this legislature, as it is not in the preliminary version of next year's budget.

 

Source: Idealist / News