The new housing law is already in force, and one of the most affected groups is that of small owners. Next, we analyze all this.
New housing law and small owners
The new BOE housing law establishes that all owners with less than ten homes are considered small owners. Based on this qualification, owners of less than ten homes may obtain some tax advantages. Specifically, all those who belong to this group will be able to benefit from a tax reduction of up to 90%.
To obtain this reduction, the rental price must be reduced by at least 5%. In addition, the property must be located in one of the so-called “stressed” areas.
Other advantages for the housing of small owners
If you do not meet the above requirements, you can obtain other types of tax advantages.
Specifically, if you dedicate the home to rent for young people between 18 and 35 years of age, you can access a tax benefit of up to 70%.
If you allocate housing to a social rental with a price below public programs for people who are in a situation of social vulnerability, you can also benefit from a reduction of up to 70%.
To get the bonus of up to 60%, a new rental contract will be necessary in a home with reforms or improvements.
In any case, if none of the above points are met, you can benefit from a tax advantage of up to 50%.
As we have seen in this article, there are several new developments that have been raised in the new housing law, which has already come into force and which mainly affects small property owners. Consult our website to obtain more information.
