In an exclusive interview published on 15 September 2026, Miguel Corgos, Galicia’s Minister of Finance and Public Administration, outlined the region’s latest tax incentive package aimed at revitalizing the housing stock and supporting family-owned businesses. The measures, approved by the Xunta de Galicia in July 2026, introduce deductions in the personal income tax (IRPF) for rehabilitation of vacant properties, enhanced bonuses for intergenerational business transfers, and a streamlined electronic notification system for tax proceedings. These initiatives complement the national recovery plan and reflect Galicia’s commitment to demographic and economic sustainability.
Key Takeaways
- Vacant Property Rehabilitation Deduction: Taxpayers can deduct 20% of qualifying renovation costs (up to €10,000 per year) for properties empty for over two years, provided they are rented or sold within five years.
- Family Business Succession Bonus: The regional surcharge on inheritance and gift tax is reduced by 99% for transfers of family businesses meeting continuity and employment maintenance requirements.
- Digital Notification Mandate: All tax communications from the Galician Tax Agency will be exclusively electronic from 1 January 2027, with deemed notification after ten calendar days.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement