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The Government of Catalonia has approved various measures regarding taxation, personnel expenses, and administrative matters. Notably, these include changes affecting the ITP, IRPF, and ISD.
All have been in force since June 27, and some since the beginning of the year.
A) Property Transfer Tax and Stamp Duty (ITP and AJD)
- New tax brackets for the transfer of real estate:
- Up to €600,000: 10%
- €600,001 to €900,000: 11%
- €900,001 to €1,500,000: 12%
- Over €1,500,000: 13%
- 20% rate for property purchases by large holders or for the acquisition of entire residential buildings, with exceptions for individuals acquiring up to four properties for use as their primary residence.
- Elimination of the 70% tax discount for real estate companies acquiring housing.
- Increase to 3.5% of the variable AJD rate for property transfers subject to VAT with waiver of the exemption.
- 50% discount on the fee for the transfer:
- Of office buildings or unfinished structures to be converted into officially protected housing.
- Of properties intended to serve as company headquarters or workplaces.
- 100% discount on the transfer of properties to non-profit housing cooperatives.
- Extension of the age limit to access the reduced 5% rate for the purchase of a primary residence: from 32 to 35 years.
- 100% discount on the variable AJD fee for purchases of primary residences subject to VAT.
B) Personal Income Tax (IRPF) – from January 2025
- Reduction of the tax rate for the lowest income brackets: from 10.5% to 9.5%, and simplification of the tax scale.
- Increase in the deduction for renting a primary residence:
- From €300 to €500
- Applicable to taxpayers up to 35 years old
- Income cap increased to €30,000
- New deductions for:
- Victims of gender-based violence
- Capital contributions to agricultural and housing cooperatives
- Foster care of minors
C) Inheritance and Gift Tax (ISD)
New discounts and reductions to strengthen protection for victims of gender-based violence.
For any questions or clarification about these changes, feel free to contact Ceigrup Torrent API. We will be happy to help you and answer your queries.