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The PP proposes to rebate 100% of the donation tax for amounts intended for the purchase of a home

2024-04-19T04:02:42.454Z

Highlights: The emergency problem of access to housing in Spain has led the PP to present its own proposals. Among them, the PP proposes subsidizing 100% of the inheritance tax and donations of amounts transferred to family members for the purchase of a house. The popular parties are also open to negotiating with the Government "surgical" measures to limit tourist apartments, while maintaining their rejection of rent price control. They propose building rental housing at affordable prices, with public-private collaboration formulas, guaranteeing the rental deposit for young people with medium and low incomes and non-payment insurance for those who rent their home. The third leg of his plan is to combat illegal squatting, with the eviction of homes within 24 hours as the star measure and the increase in penalties. The Popular Party is committed to a model of tax incentives primarily aimed at homeowners and those who can help their relatives buy a flat. It also does not close the door to negotiate with the Executive, the Land Law, which is in parliamentary processing and for which the Executive looks to the PP.


The popular parties are open to negotiating “surgical” measures to limit tourist apartments while maintaining their rejection of rental price control


The emergency problem of access to housing in Spain, which is among the main concerns of Spaniards, has led the PP to present its own proposals, following the initiatives that the progressive Government is also promoting. The popular parties have made public this Thursday a shock plan of 16 measures, among which tax deductions stand out to help young people buy their first home and to put empty properties on the market. Among them, the PP proposes subsidizing 100% of the inheritance tax and donations of amounts transferred to family members for the purchase of a house. This is a state tax, but its management is completely handed over to the autonomies, and in many of them generous discounts are already provided for the closest kinship groups. The popular parties are also open to negotiating with the Government “surgical” measures to limit tourist apartments, while maintaining their rejection of rent price control.

The PP is committed to a model of tax incentives primarily aimed at homeowners and those who can help their relatives buy a flat. In addition to subsidizing the donation tax, designed above all for parents who want - and can - help their children buy a home, the PP proposes a deduction in personal income tax of 100% of the income of owners who formalize new lease contracts for young people of properties that have been unused for two years. This last measure seeks to remove empty apartments from the market.

The popular ones also propose building rental housing at affordable prices, with public-private collaboration formulas, guaranteeing the rental deposit for young people with medium and low incomes and non-payment insurance for those who rent their home. The third leg of his plan is to combat illegal squatting, with the eviction of homes within 24 hours as the star measure and the increase in penalties.

As a novelty, the PP is open to studying with the Government some “surgical” measure to limit tourist apartments, as confirmed at a press conference by the popular deputy secretary Paloma Martín, always in dialogue with the affected City Councils. The Popular Party also does not close the door to negotiating with the Executive the Land Law, which is in parliamentary processing and for which the Executive looks to the Popular Party due to the reluctance it arouses in several of its partners, including Sumar.

Controlled of marketing

The PP is frontally opposed, however, to the rental price control proposed by the Government through the declaration of stressed areas. The rule, already in force, leaves it in the hands of the autonomous communities to declare these zones in order to limit the price of rentals, but the autonomies in control of the PP refuse to apply it. The popular leadership supports and shares this rejection of its regional governments, arguing that “price control only produces a detraction in supply.” “If all the experiences are analyzed, they have led to the same result: fewer and more expensive houses for rent,” Martín stressed. “The municipalities and communities of the PP are not going to apply price control with harmful effects that are well known,” the PP leader stressed.

The popular ones also criticize another of the measures that the Government has announced to tackle the housing problem: the end of the so-called

golden visa

, the provision that allows obtaining a residence visa based on the housing investment. According to the PP, this is an initiative whose elimination represents “the parrot's chocolate.” “The majority of home purchases are by community foreigners who did not benefit from the

golden visa

,” questioned the popular leader. Despite the criticism, the PP does not clarify whether it opposes the elimination of this benefit for foreigners who invest more than 500,000 euros in a home in Spain.

Source: elparis

All business articles on 2024-04-19

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