The Community of Madrid has once again highlighted its 11 approved tax cuts and another two planned for 2027, all focused on facilitating the purchase and rental of housing, as well as reinforcing existing aid. These measures contrast with the position of the central Government --formed by PSOE and Sumar--, which in Congress maintains its refusal to reduce the VAT applied to new housing from 10% to 4%.
The Minister of Economy, Finance, and Employment, Rocío Albert, defended this tax package during the session of control of the regional Government, in response to a question from Vox about whether the regional Executive contemplates new cuts or bonuses in the taxes related to the acquisition of the first habitual residence.
Albert emphasized that two additional cuts have been designed that will come into effect in 2027 and that will especially benefit those under 40 who want to access their first home. In these cases, she recalled that a young person buying a home "will not have to pay the 6% for property transfers," but will have to "pay 4%."
The minister exemplified the impact of this tax cut by pointing out that "this means that instead of, for example, in a house of 300,000 euros, one saves 6,000 euros. Additionally, we have also lowered the documented legal acts tax from 0.75 to 0.4% so that both young people and everyone else benefit from the purchase of new housing," she stressed.
In her intervention, Albert criticized PSOE and Sumar for blocking the reduction of VAT on new housing that the PP demands and condemned that, with the Cortes dissolved, the central Executive has pushed through "two decrees that will only go against landlords and in favor of squatters."
The minister deepened her criticisms by pointing out that "because landlords are very bad, that is, unless they are from PSOE, because in that case, although we all know that the PSOE spokesperson had to resign for having her partner with 30 rental properties, what Sánchez has said is that she was a good person who has been mistreated by politics."
From Vox, the deputy Beatriz Tejero has focused on the tax burden that a new construction home bears. According to her, in a home built with a price of "3000,000 euros, more than 78,000 goes in a concatenation of taxes" that include the urban planning or crane fee, documented legal acts, and the property transfer tax.
Tejero has emphasized that "a good part depends on the Community of Madrid" and has demanded that those taxes be reduced "to zero." "We are clear that this money should come from the Public Administration's budget and that it should not be the Public Administration that speculates and that it should be in the pockets of the people of Madrid," the deputy has reiterated.