The Bill proposes a temporary VAT exemption on the sale of new residential properties for a period of 12 months.

The Bill proposal includes the elimination of real estate tax for primary residences owned by individuals over the age of 65.

• The Bill proposes extending the benefits established in DFL No. 2 regarding the number of eligible properties per taxpayer, -currently limited to two properties per person-, subject to new conditions.
• In this regard, the aim is to increase the number of homes eligible under DFL No. 2, provided they do not exceed 90 square meters.
• This new regime applicable from the third property onwards consists of the establishment of a 5% sole tax on rental income, applicable to both individuals and legal entities.