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Housing Grants for Young Couples

by Brianna - May 22nd, 2011.
Filed under: News.

In the Region of Murcia is cheaper for young parents receive a housing grant to buy it directly. The reason lies in the tax on each of the operations. In the event that the purchase will need to pay the Transfer Tax. If the grant obtained by the so-called Tax Grants. In Murcia the latter is cheaper. The difference, in economic terms, can be substantial tax savings, therefore, to obtain a housing grant is considerable. In Murcia, also are exempt from paying this tax in the event of death, that done after the death, if the offspring is less than 21 years. If, on the contrary, the donation is made in life, the person may be deducted up to 99% of the quota deductions resulting from applying the state and regional.

Although this picture is not identical in all regions. An article published by the newspaper Cinco Dias on February 4 described the asymmetric tax situation is drawn in communities such as Andalusia, Aragon, Asturias, Baleares, Cantabria, Extremadura, Galicia, where it is more expensive to receive a home from parents to children for donation through a sale. The donation can be explained as the transfer of goods between two people. It is unusual to relate this assignment between members of the same family, but the truth is that there may be cases where the donation be extrapolated to this area. Legally, this process must be made in writing and in the case of immovable property in the corresponding public deed before a notary. The differences are significant heritage. According to the General Council of Notaries in Spain, the gift is irrevocable, that is, once the contractor gets the house, in this case, owns it. It should also be the beneficiary of the grant expressly consents. Finally, tax advantages, as discussed above.

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