The Madrid government recently announced a reduction of income tax and other taxes The Government will lower the IRPF of Madrid from 19% to 18.5% and in the case of low incomes the decrease will be more noticeable: the minimum rate will be at 9%, with what will be the lowest in the whole country. As well …

The Community of Madrid has announced important tax reductions

The Madrid government recently announced a reduction of income tax and other taxes

The Government will lower the IRPF of Madrid from 19% to 18, 5% and in the case of low incomes the decrease will be more noticeable: the minimum rate will be at 9%, which will be the lowest in the whole country.

Extension and improvement of deductions in the tax, such as unpaid care for people over 65 or people with disabilities, and the deduction for school expenses for children up to 3 years is extended.

On the other hand, the deduction of income tax is accompanied by new deductions in the Inheritance and Donations Tax and in the ITP and ADJ.

As for the Inheritance and Donations Tax , there will be bonuses. Between siblings the bonus will be 15%, and between uncles and nephews the percentage will be 10% (both 'inter vivos' and 'mortis causa' will apply). In inheritances between parents and children, the bonus will remain at 99%.

In the case of ITP (Transfer Tax Patrimonial) and AJD /strong> (Documented Legal Acts), there will be a reduction of 10%, which will be applied to used houses and new homes acquired with mortgage financing , while the house is a regular residence and have a cost of up to 250,000 euros.

Many of the announced measures will come into effect this year, with the exception of the IRPF reduction, which will be carried out from 2019. The regional government estimates a reduction of 125 million euros. euros per year.

What happens now with the 5 year le...

The rental contracts that were formalized during the crisis come out of hibernation in a very different market. Five years ago, Law 4/2013 came into force, approving the new measures to make the rental market more flexible. The law modified several precepts of the LAU, among them ......

5 tips to describe a property

There is increasing competition among real estate sales announcements, thousands of them are distributed mainly through the internet and it is vital to know how to create ads that stand out from others, that are able to attract attention as much as possible. For this it is necessary, in addition to describing the property in a ......

The training of a real estate agent

To be a good agent of the real estate market, training in different subjects is essential. These subjects range from knowledge of technology and marketing to knowledge of economics and social skills. - ACADEMIC TRAINING An academic education oriented to marketing and economics is fundamental. Regarding marketing, it is important to know how to sell. Even if …...

As of 2017, all websites must have...

SSL Certificates Secure and trusted pages SSL certificates are necessary for any website that handles confidential information, as it will guarantee the security of data transmission when encrypted. What are SSL certificates and what is their function SSL is the acronym of the abbreviations in English «Secure Socket Layer» (or ......