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.

Investment in housing will end 2017...

According to the Bank of Spain, in its last quarterly report on the economy of the country, housing investment will close 2017 above 4.5% GDP, an index similar to the average of the countries of the Spanish environment "and that is very far of 12% registered in 2007 ". On the other hand, the entity states that ......

5 Ideas to apply to real estate mar...

In such a competitive sector, as it is the one that concerns us, it is essential to be aware of some techniques or ideas to apply to the real estate marketing itself. This will help us achieve our goals and be at the height of such competition. But first let's caution that you have to be careful not to confuse the ......

The necessary regulation of the rea...

Content1 At the request of professionals in the sector, Andalusia modifies the rules governing management and real estate brokerage.2 Creation of public registry 3 The denomination of real estate agency or real estate agent4 Obligations of agents and agencies5 Sanctions6 Related news At the request of professionals of the sector, Andalusia modifies the norms that ......

The aid in reforms of houses would...

According to the Andimac study, the aid for housing reforms would revalue the rent and there would be a take-off in the construction sector oriented towards reforms. Previously, at Inmonews.es we talked about the new State Housing Rehabilitation Plan that was finally approved in March. Well, according to a study by Andimac, 1.6 ......