The Government of Catalonia and the Comuns party have approved a series of fiscal reforms aimed at regulating the real estate market and ensuring housing accessibility. Below are the key changes and their implications: 

1. Reform of the property transfer tax (ITP):
New tax brackets:


20% Rate for large property holders
Who is a large holder?
 


Application: applies to transactions involving entire buildings (with or without subdivisions).
Exceptions:private buyers purchasing buildings with fewer than 5 units for use as their primary residence for at least 3 years.
Objective: to deter speculative property accumulation.

2. Elimination of tax breaks for real estate companies

Measure: removal of tax incentives for real estate firms in property transactions. 

Social Compensations:


3. Increase in tourist tax
In Barcelona:

Outside Barcelona:


Fund Allocation: 25% of revenue will fund affordable housing initiatives. 

Industry perspective: experts warn of potential declines in investment appeal, particularly in urban areas with existing regulations. 

5. Legislative process
The reforms will be formalized via a decree law, pending approval by the Catalan Parliament. Once published in the Official Gazette of Catalonia (DOGC), the changes will take immediate effect. 

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