July 25, 2021

Treasury figures in 5,000 million euros the impact of tax refunds on mortgages

Treasury figures in 5,000 million euros the impact of tax refunds on mortgages


MadridUpdated:

The Minister of Finance, María Jesús Montero, said Monday that the autonomous communities calculate in 5,000 million euros the potential impact of the return of the tax associated with mortgages in case the Supreme Court decides that the bank must pay it with a retroactivity of four years.

The minister made these statements during her participation in the Cinco Dias Forum where stressed that the Government has prepared a "plan" in case the judgment is favorable to the home buyers, so that the actions with autonomous communities and financial entities are coordinated.

Likewise, this plan also contemplates the potential impact of these returns, even if they are temporary, they affect the public deficit, that is to say, that coincides with the claim to the financial entities so that the deficit does not have to support the public accounts.

"If that happened," he warned, would mean an increase of four or five tenths in the deficit target, which "would put at risk the exit of the excessive deficit procedure".

The plenary session of the administrative contentious court of the Supreme Court has today retaken its analysis on the doctrine of the recent ruling that considers that the bank must assume the payment of the Tax on Documented Legal Acts (AJD) of the mortgages, and not the client.

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