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V2263-24 ·23 October 2024 ·consulta-vinculante Medium impact
Tax

70% tax reduction on residential rent may apply if the tenant is a non-profit entity under certain conditions

A taxpayer has enquired whether the tax reduction for residential leasing can be applied when renting their property to the Red Cross for refugee housing. The Directorate General for Taxes (DGT) indicates that the 70% reduction is applicable provided the requirements of Law 12/2023 regarding the tenant and the use of the property are met.

In 6 key points

How it affects those involved

This ruling clarifies that non-profit organisations can qualify as eligible tenants for tax relief purposes, provided the housing is used for social purposes and meets specific legal criteria.

Lifecycle

2024-10-23PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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