Landlords wishing to receive compensation for holding old rentals can now proceed with the IMI exemption application that was requested of them in order to complete the support application.
The information that the form for this IMI exemption request is now available has already been published on the Finance Portal, with the Tax and Customs Authority (AT) indicating that this The exemption request is directed to lease contracts entered into before 1990 (known as old rental contracts) and which did not transition to the New Urban Lease Regime.
Support for property owners is provided by compensation equal to the difference between the rent and 1/15 of the active tax value (VPT) of the property.
Applications for this compensation began earlier this month – and must be made through the Housing portal -, with the process requiring owners to include the application for exemption from IMI for the home among the documents they must submit.
This request for exemption from the Municipal Property Tax was, therefore, one of the missing pieces for the compensation application process could go on.
The aid to the owners is paid monthly, according to the information published on the Housing Portal, which only entitles them to compensation “if the rent is less than 1/15 of the Fiscal Active Value of the property, divided by 12 months.”
Compensation is granted for a period of 12 months, renewable for equal and successive periods, and is paid on the 8th of each month, to the IBAN indicated in the application.
In order for the renewal to take place, two months before the end of the 12-month period, the landlord must submit a new application, demonstrating that the requirements to be eligible remain in force.
According to available data, There are around 125 thousand owners with old rentals that have not been transferred to NRAU.That is, tenants aged 65 or over or with a disability level greater than 60% and also rentals of homes with a corrected annual gross income (RABC) less than five annual national minimum wages.
Source: Observadora
