Madrid (EFE) General of Economists.
According to his calculations, a single person without children, under 65 years of age, with a gross income of 60,000 euros, who rents a 300,000-euro home as usual throughout the year for 1,000 euros per month and applies a 6% discount, would receive an income of 11,280 euros, 720 euros less than if you do not make any reduction.
However, going from a bonus of 50% to a maximum of 90% on rental income, what you would have to pay for personal income tax would amount to 15,096 euros, 1,240 euros less than if you did not make the reduction.
The total computation, between what is saved from personal income tax and the income that is no longer received, yields a positive balance of 520 euros.
In another of the cases analysed, with a gross salary of 26,000 euros, and the same type of home, a 6% rent reduction and a tax credit, the owner would stop paying 720 euros for rent, although he would have savings of 1,005, 6 euros via income tax, which offers a positive balance of 285 euros.
Finally, in the case of a single owner, without children and under 65 years of age with a total income of 18,000 euros, the margin difference is much narrower.
Given that it would stop entering 720 euros for the rent and would save something less than 800 euros in the payment of IRPF (795.5 euros), the profit is reduced to 75.5 euros.
As part of the Housing Law, the Executive has designed tax reductions for those landlords who reduce rent by at least 5%.
With this law, which the coalition government has unblocked after more than a year of negotiations and at the gates of the elections, it seeks to alleviate the rise in rental prices, especially in those most stressed areas, and support the access of youth to a home.