Six years later, the tax on big vacant landlords will be real. Tax is regulated by law new housing law related to Estremadura and Mobility, Transport and Housing, as explained by the Minister, Leire Iglesiaswill affect to all legal entities that own more than five vacant properties in a cumulative one-year period. The Regional Manager estimates that “About 40-50” companies, banks and mutual funds will be taxed. The rate will depend on the region and will be staggered: from EUR 7.5 (of 500 square meters owned) to EUR 22.5 (more than 4,000) per square meter of vacant residences.
The bill received Board approval this Monday. Extraordinary Governing Council and later Iglesias and the spokesman, Juan Antonio GonzalezIt continued the registration process in the parliament, thus start the parliamentary process. It will be available during this last period of the sessions, but Iglesias will holiday law six months, so its entry into force will be delayed until the end of the year.
presents itself at the closing gates of the legislature, but because it contains v, it is a highly anticipated bill.A few key innovations promised by the executive Fulfillment of commitments in terms of Guillermo Fernández Vara and also accommodation, they agreed to be in the previous legislature, when the PSOE does not have an absolute majority. The most important of these is this tax, which allows for the approval of the current regional housing law in 2019 and is imposed on large homeowners, according to Iglesias. hitherto not implemented because “part of its regulatory development required the nature of law”.
control leases
Consultant, the purpose of this tax intervene in the market to “relieve” rental prices: not allowing big corporations to hoard vacant homes and Prices rise because supply is low. “We don’t have a problem with the number of real estate in Extremadura, but we may have an issue with the offer that is released,” Iglesias said.
Therefore, it will only apply to legal entities (mainly banks, companies and mutual funds) that have more than five homes and are vacant for a cumulative one-year period. The rate will be staggered and will depend on the region: from EUR 7.5 per square meter of vacant dwellings above 500 meters owned, up to a maximum of EUR 22.5 per square metre, if there are more than 4,000.
According to Iglesias, the ministry has already done a study and estimates that “40 to 50” companies will be affected by the tax in Extremadura, although this data needs to be “compared and pooled”. A self-assessment procedure will then be implemented similar to that already practiced by other communities such as Valencia or Catalonia.