Changes in economic evolution are beginning Generalitat will damage Valenciana’s coffersWhile the regulations had not yet come into effect, it saw revenue from taxes it managed drop significantly. Tax cuts announced By Carlos Mazón’s new Consell. The first of these, the Inheritance and Gift Tax bonus, was approved in the Cortes this Wednesday.
For now, while we wait to see the effects of these discounts real estate market crash This resulting reduction in collections will mean fewer resources available for the regional Administration. According to the latest data Valencia Tax Office (ATV), until October recognized rights Added in favor of the Generalitat in the province of Alicante 891 million euros, corresponding to a decrease of 7.7%Meanwhile Real revenue was 867.2 million, down 8.3% compared to the same period last year.
a mishap twice that registered in all autonomyAccording to the same balance sheets, effective collection decreased by 4% to 1 billion 950 million euros. The real culprit of this situation is Property Transfer Taxpaid when purchasing second hand property and that the bulk of taxes are the responsibility of the Consell (VAT or personal income tax is administered by the State, but part of the collection is then transferred to the autonomies).
If at this time last year the Generalitat had already paid 641.8 million euros to the province for this concept, this figure would have increased in the first ten months of this year. decreased by 9.4%Up to 581.3 million. In parallel with the decline in real estate purchases and sales, there was a significant decline, especially in the second-hand housing market.
It should also be noted that neither economic developments nor the reductions announced by the Valencia Administration foresee an improvement in this figure. Therefore, it is worth remembering that there is one of them. Measures included in the Accompaniment Law Regional Budgets include: decrease from 8% to 6% The type that will be applied to house purchases made by under 35 –unless the amount exceeds 180,000 euros-; if it is tax The proportion of officially protected housing will increase to 6%, and those 3% special protection.
Less high inheritance
Along with the previous one, the collection inheritance tax In Alicante, which has contributed 74.5 million to the regional coffers so far this year, 20.7% less. This decline, as the organization led by Sonia Díaz clarifies, has nothing to do with the 99% bonus approved this Wednesday for children and spouses, but with the fact that inheritances processed in the state this year are less significant. More precisely, on the contrary, Several inheritances with very high fees were recorded last year.. In fact, in neighboring Valencia, for example, the collection of this tax increased by 26.9%.
Income earned on one’s own behalf wealth tax They rose 0.5% to 52.4 million; and their Documented Legal Actions It increased by 1.3% to 107.4 million. Those who talk about the fee paid by Bingo – 20.3%, up to 12.2 million euros – thanks to the recovery of the inflow to these organizations after the pandemic; while collecting tax Amusement machines fell 6%up to 30 million Decrease in the number of active ‘gambling machines’ currently in the state.