Ayuso announces tax reductions on housing for those under 40 years of age in Madrid

The Madrid president, Isabel Díaz Ayuso, announced this Monday that the Community of Madrid will reduce the rate of the Property Transfer Tax (ITP) from 6 to 4% for those under 40 years of age who buy second-hand homes.

In addition, citizens in this age group will also be able to benefit from a reduction in the Tax on Documented Legal Acts (IAJD), whose rate will go from 0.75% to 0.4% for the acquisition of newly built properties.

According to Díaz Ayuso at an informative breakfast organized by Nueva Economía Fórum, these tax reductions will be included in the 2027 regional budgets and will come into force on January 1.

Validating the decrees now would be "further proof of the hijacking of Parliament"

Minutes after the call for elections on November 29 announced by President Sánchez this morning, Ayuso affirmed that validating the housing decrees that fell in Congress on Friday through the Permanent Deputation would be "a catastrophe" and "further proof of the hijacking of Parliament" by the President of the Government, Pedro Sánchez.

This body has the power to do so after the dissolution of Parliament and in it, unlike the plenary session, the vote of Junts would not be necessary to endorse this initiative.

With this, Sánchez would show his "lack of legitimacy" and, in addition, would deal "a very hard blow" to many families, Díaz Ayuso has asserted.

Ayuso made these statements shortly before Government sources indicated that the intention is to re-approve those decrees that did not obtain parliamentary approval at the Council of Ministers meeting this Tuesday.