Monday, September 28, 2020
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The AIReF Orders a Review of the Tax Benefits for Socimis and Sicavs

The Tax Authority is lobbying for a review of tax benefits that together add up to more than 23 billion euros, as well as a tightening of the requirements for Sicavs to access reduced rates.

Cristina Herrero, President of the Independent Authority for Fiscal Responsibility (AIReF).

The Independent Authority for Fiscal Responsibility (AIReF) has warned today that some of Spain’s tax credits are “regressive” and must be reviewed, reformulated and even abolished.

According to a report presented by the AIReF on Wednesday – following its analysis of more than a dozen tax benefits, which have a corresponding cost for the public coffers in the form of tax reductions, tax deductions and other facilities that allow reductions in tax payments worth almost 35 billion euros – these types of exemptions hide inefficiencies that could allow the State to increase its tax collections. In fact, the regulatory body believes that it is necessary to review incentives worth more than 23 billion euros.

Read the full article in Spanish.


The Details of the 102 Residential Plots Being Sold by the Community of Madrid

The regional government is going to put 240 publicly owned plots up for sale, of which 102 are for residential use. The jewel in the crown is a plot spanning more than 32,000 m2 in the heart of the Salamanca district.

How Covid is Affecting House Prices: Map of the Decreases by District

The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.

Property Developers Launch Large Urbanisations Post-Pandemic

Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.

Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April

Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.

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