A new tax measure, part of housing incentive packages, exempts capital gains tax (IRS) from property sales if the proceeds are reinvested in housing intended for affordable rental.
This exemption applies to transactions between January 1, 2024, and December 31, 2029, aiming to boost the supply of rental properties at controlled prices.
"Affordable rent" is defined as a monthly rent not exceeding 2,300 euros, equivalent to 2.5 times the minimum monthly wage for 2026. The tax benefit requires strict adherence to conditions, including notification to the Tax Authority and placing the property on the rental market within six months of purchase.
