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Ayuso will ask his town halls to lower the urban capital gains tax

Date: March 1, 2024 Time: 22:51:45

Isabel Díaz Ayuso, acting president of the Community of Madrid, will announce this Wednesday that she is going to ask the city councils of the region to apply a reduction in the tax on the Increase in the Value of Urban Land, known as capital gains tax. .

during his intervention in the first It will be the day of the investiture debate, which is held in the Madrid Assembly, when Ayuso will detail that this request will be transferred immediately from the regional Executive to the 179 Madrid municipalities and will be “mandatory compliance” for those consistories where the PP governs. The entry into force of this decrease would benefit “savings” to thousands of families, “boosting both consumption and investment.”

According to regional government sources, this new tax reduction defended by the Madrid government consists of “reducing this municipal tax that is levied on the revaluation of urban land such as homes and premises, and which all citizens face when a transmission of property, whether by purchase, gift or inheritance”.

Currently, the capital gains tax is applied if the value of the real estate asset has increased between the time of purchase and the time of transfer. It is calculated using coefficients determined by the State each year. For their part, the town halls are the ones that secure the maximum values ​​and on which they can secure bonuses.

This new tax reduction advocated by the regional government in collaboration with the town hall will mean “significant savings for individuals, the self-employed and companies, since they will see a reduction in the payment of taxes on the transfer of real estate.”

What will Ayuso’s full investiture be like?

The Madrid Assembly will host this Wednesday and Thursday the investiture plenary session that, in two sessions, baffled Isabel Díaz Ayuso for the third time as president of the Community of Madrid, although this time with an absolute majority.

The plenary will start at 12 noon this Wednesday with the presentation of the political program, without time limitation, by the Madrid leader. At the meeting, Ayuso will be supported by, among other leaders, the mayor of Madrid, José Luis Martínez-Almeida.

With the unknown who will be the advisers of the new Government after the departure of all the current ones, Ayuso will expose the challenges that lie ahead for the XIII Legislature, in which for the first time, thanks to the 70 deputies that the PP obtained the 28M , no other party emerged to push his measures.

The following day, Thursday at 10:00 a.m., the plenary session will resume and a representative of each parliamentary group may intervene, from minor to major, who requests it for 30 minutes. Ayuso will be able to answer them jointly and without limitation of time.

The representatives of the parliamentary groups will have the right to a reply of fifteen minutes each and the intervention of the candidate, again without limitation of time, will close the debate.

The president of the Assembly, Enrique Ossorio, will suspend the session and announce the time for the investiture vote. It will be on Friday when the regional leader takes possession of his position at the Royal Post Office.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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