Spain to Slap 21 Percent VAT on Tourist Lets as Part of New Housing Crisis Plan
20 Articles
20 Articles
Spain to slap 21 percent VAT on tourist lets as part of new housing crisis plan
The Spanish government is to present a new set of housing measures in parliament this July to combat the worsening property crisis, including benefits for renters and the imposition of VAT payments on all short-term accommodation owners.
If carried out, tourist flats would pay more VAT than hotels, a measure that harms customers and owners.
The package includes tax incentives and seasonal rent regulation. The executive will seek support for parliamentary support The government keeps the fuel discount, but will progressively reduce it
The Government will bring to the Council of Ministers in July a decree containing a housing package that will incorporate, as explained by the Minister Spokesperson, Elma Saiz, proposals that have already received the support of the various parliamentary groups throughout the legislature with the aim of achieving their validation.
The government will approve during July a package of measures to facilitate access to housing, which will be distributed in two blocks. One will be aimed at lowering the price, giving stability to contracts and combating rent fraud; and the second block will be focused on mobilizing affordable housing. Two of the highlights will be raising 21% VAT on tourist flats and another extension of rents. A package of measures for which it is seeking the …
The Executive will group in a royal decree part of the measures already announced by President Pedro Sánchez a year and a half ago
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