Tax incentives to rehabilitate homes will cost 450 million and will come from European funds


The Government already knows how much public money it will allocate to the deduction for rehabilitation of habitual residence: 450 million euros from European funds. The personal income tax deduction – which existed until 2013, although with other conditions – will be recovered in the coming months. The Transport Ministry is working on a royal decree law to approve it “as quickly as possible.”

“It is a reserve that will be used,” explain sources from the department, responsible for this part of the so-called Recovery Plan. “It may be that all or part of it is used, depending on the evolution.” If the measure is successful and the 450 million are exhausted, the Treasury may decide to increase it, according to these same sources.

The objective that the executive has set is to rehabilitate half a million homes and improve their energy efficiency by 2023. To do this, it will implement two major measures: one, subsidies for rehabilitation (articulated through Autonomous Communities and municipal offices ) and two, deductions for rehabilitation.

Rehabilitation programs, which also target entire neighborhoods and public buildings, not just homes, will be endowed with 5,800 million euros. Its amount will be determined based on the depth of the rehabilitation, the income of those who live in the building and the characteristics of the area.

The deduction for home renovation may reach 60%. The Government expected a range of 30 to 60%, but has made certain modifications. Pending the publication of the royal decree and the terms are in the BOE, the proposal of the Ministry of Transport is a 20% deduction for those who achieve a 7% reduction in heating and cooling demand and a 40% deduction for those who achieve a 30% reduction in energy consumption. The deduction is intended for homeowners who live in or rent their home.

On the other hand, they pose 60% deductions to those who carry out works that energetically improve residential buildings. In this case, the condition is to reduce consumption by 30% or improve the energy rating (A or B). This deduction is raised for individuals who own a home.

The deduction for habitual acquisition or rehabilitation existed until 2013. The acquisition deduction continues to be applied to homes purchased up to that date and represents a significant annual cost to the state coffers. It is the tax benefit related to housing that costs us the most: 939 million euros per year.

.



Source link