While the annual update of the income of residential rental agreements will not exceed 3% in 2024, new tax incentives applicable to Personal Income Tax (IRPF) on residential real estate rentals will begin to come into force next year.
Both measures are part of the Housing Act approved by the Government last May, one of the reforms included in the Recovery, Transformation and Resilience Plan and one of the milestones agreed with the European Commission on the disbursement of Next Generation EU funds. To Europa Press.
In this way, leases in force between 1 January and 31 December 2024 under review will not be able to increase their value by more than 3%, as confirmed by the Government in a Royal Decree last March. The economic and social consequences of the war in Ukraine and are contained in the sixth final provision of the Housing Code.
Thus, the tenant of the primary residence lease agreement, whose rent needs to be updated due to the expiration of the annual validity period of the agreement in question, can negotiate with the landlord the increase to be applied in the annual rent update in question. However, whether there is an agreement between both parties or not, the annual change in income cannot exceed 3% in either case.
From January 1, an improvement in personal income tax will also be implemented with the aim of encouraging the rental of primary residences at affordable prices, through the modulation of the reduction in the net return from rents of primary residences. For this purpose, a discount percentage of 50% is established in new lease agreements (currently it is generally 60%), which can be increased depending on certain criteria (stressed area, rehabilitation).
Similarly, the Government has extended until 31 December 2024 the suspension of evictions and evictions of economically and socially vulnerable households from their places of habitual residence in cases provided for in existing regulations.
The measure is included in the Royal Decree approved by the Council of Ministers on December 27 to take measures to alleviate the effects of drought, as well as to address the economic and social consequences arising from conflicts in Ukraine and the Middle East.
On the other hand, the Ministry of Transport and Sustainable Mobility (Mitma) decided to update the tolls on state-owned highways within the scope of administrative privilege for 2024, and thus the rates will increase by 5 percent to 5 percent as of January 1. 6.65% depending on the specific conditions of each concession. The ministry, led by Óscar Puente, states that the rates paid by users in AP-51, AP-61, AP-6, AP-53, AP-66, AP-7 Alicante-Cartagena, AP-7 Málaga have been updated. Guadiaro, AP-68 and AP-71, AP-9 and AP-46 were approved by ministerial order. Specifically, the 2024 rate review meant a 6.65% increase for AP-46 and AP-7 Alicante-Cartagena; 6.55% for AP-9; 5.12% for AP-68; 5.07% for AP-6, AP-51, AP-61, AP-53, AP-71 and AP-7 Málaga-Guadiaro and 5% for AP-66.
Under the 2013 pension reform, in which the retirement age is gradually raised, Spaniards who want to retire with 100% of their pension from January 1 will need to be at least under 66 years of age. over a total horizon of 15 years. This age of 66 years and six months will be the required age for those who are 38 years old and under with premium debt (in 2023, the age requirement is 66 years and four years to retire with a premium debt of less than 37 years and nine months).
If they exceed 38 years of contributions, workers who want to retire with 100 percent of their pension as of January 1, 2024 will need to be over 65 years old.
What has not changed in the 2013 reform is the minimum contribution requirement to access a contributory pension that is maintained for at least 15 years; Two of these periods must be included in the 15 years before retirement.
Social Security allows employees to voluntarily retire early, up to 24 months before the normal legal age. If early retirement is optional, it is possible to retire up to 48 months before the normal retirement age.
While contribution-based pensions will increase by 3.8 percent with the arrival of the new year, pensions with minimum contributions will increase by 6.9 percent, and the pensions of widows with family responsibilities will increase by 14.1 percent, from the current 905.9 euros to 1,033 euros. It will increase to .6 euros. monthly. Non-contributory income and Minimum Living Income (IMV) will also increase by 6.9%. The average pension in the Valencian Community will increase by 48 euros per month.
Salaries for more than 3.5 million public workers will increase at a fixed percentage rate of 2% by 2024; This increase may be increased by an additional 0.5% depending on the development of the harmonized CPI (IPCA).
This was agreed by the Government, CC OO and UGT in the Framework Agreement for 21st Century Management, signed in October 2022, which provides for salary increases of up to 9.5% for the entire three years.
Legal retirement age is 66 years and six months
Under the 2013 pension reform, in which the retirement age is gradually raised, Spaniards who want to retire with 100% of their pension from January 1 will need to be at least under 66 years of age. over a total horizon of 15 years. This age of 66 years and six months will be the required age for those who have premium debts under the age of 38 (in 2023, the age requirement is 66 years and four years to retire with a premium debt of less than 37 years and nine months).
If they exceed 38 years of contributions, workers who want to retire with 100 percent of their pension as of January 1, 2024 will need to be over 65 years old.
What has not changed in the 2013 reform is the minimum contribution requirement to access a contributory pension that is maintained for at least 15 years; Two of these periods must be included in the 15 years before retirement.
Social Security allows employees to voluntarily retire early, up to 24 months before the normal legal age. If early retirement is optional, it is possible to retire up to 48 months before the normal retirement age.
While contribution-based pensions will increase by 3.8 percent with the arrival of the new year, pensions with minimum contributions will increase by 6.9 percent, and the pensions of widows with family responsibilities will increase by 14.1 percent, from the current 905.9 euros to 1,033 euros. It will increase to .6 euros. monthly. Non-contributory income and Minimum Living Income (IMV) will also increase by 6.9%. The average pension in the Valencian Community will increase by 48 euros per month.