On 15 October 2026, the Spanish Tax Agency published the Statistics on Homes Transferred in the 2024 Personal Income Tax (IRPF). This annual dataset captures all residential property disposals declared by individual taxpayers in their 2024 income tax returns, including primary residences, second homes, and inherited/donated properties subsequently sold. The statistics detail the number of transactions, declared transfer values, acquisition costs, capital gains/losses, applicable exemptions (reinvestment in primary residence, over-65 exemption), and the resulting taxable savings income. The data is segmented by autonomous community, province, municipality size, and taxpayer age brackets.
Key Takeaways
- Capital Gains Tax Base Monitoring: The statistics reveal the effective taxable base after exemptions, showing that only 38% of declared gains were fully taxed in 2024 due to widespread use of the primary residence reinvestment exemption (Article 41 IRPF Law). This informs the Ministry’s review of the exemption’s fiscal cost and distributional equity.
- Regional Market Heatmap: Transaction volumes and average declared values per municipality provide a granular view of housing market liquidity and price trends, complementing notary and registry statistics. The data shows a 7% year-on-year increase in transactions in municipalities >50,000 inhabitants, contrasting with a 3% decline in rural areas.
- Compliance Risk Indicators: The Tax Agency uses the discrepancy between declared transfer values and reference values (valores de referencia) from the General Directorate of Cadastre to flag potential undervaluation. The 2024 data shows a 15% average gap, prompting targeted verification campaigns for 2025 filing season.
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