On 17 September 2026, at an event in Santander, the president of the Spanish Association of Tax Advisors (AEDAF), Bernardo Bande, presented a comprehensive set of tax policy proposals aimed at mitigating structural imbalances in Spain’s real estate market. The initiative responds to mounting concerns over housing affordability, speculative investment, and the misalignment between tax incentives and social housing objectives. AEDAF argues that well-designed fiscal instruments can stimulate supply, discourage vacant property hoarding, and promote equitable access to housing without undermining municipal revenue bases. The proposals were delivered in the context of ongoing debates over the reform of local property taxes (IBI), the introduction of vacant dwelling surcharges, and the tax treatment of real estate investment vehicles (SOCIMIs).
Key Takeaways
- Targeted IBI Modulation: AEDAF recommends allowing municipalities to apply higher IBI rates on long-term vacant residential properties, while offering reduced rates for landlords who commit to affordable rental programs. This dual mechanism aims to mobilize empty housing stock into the rental market.
- Transaction Tax Adjustments: The association proposes temporary reductions in Transfer Tax (ITP) and Stamp Duty (AJD) for first-time homebuyers purchasing primary residences, coupled with increased rates for corporate bulk purchases of residential portfolios to curb speculative concentration.
- Incentives for Rehabilitation and New Supply: Enhanced tax credits for energy-efficient renovations and accelerated depreciation for newly constructed rental units are suggested to align fiscal policy with the European Green Deal objectives and address the chronic shortage of quality rental housing.
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