By Euro Weekly News Media • Published: 08 Oct 2015 • 16:12
TAX BREAKS: Big reductions are possible.
AS of next year, property in Spain is set to have tax reductions applied depending on their energy efficiency grading following adjustments to the 2016 general budgets.
This will mean property owners will be eligible for reductions of 4 to 20 per cent on their IBI property tax, depending on the grading on their energy efficiency certificates.
The Treasury Ministry has established a series of maximum reductions applicable to the taxes with those at grade A, the highest possible grade, receiving discounts of up to 20 per cent and those at the lowest grade, E, eligible for discounts of up to 4 per cent.
Energy efficiency certificates, in theory, at least, have been obligatory for all properties put on the market for sale or to rent since new regulations came into effect in June 2013.
Tinsa energy consulting company has said the tax reductions are a very effective way of raising awareness of the importance of energy efficiency.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.