Housing
IL presents budget proposals to "alleviate cost of living"
The Iniciativa Liberal party has introduced 36 amendments to the 2027 State Budget focused on housing, fuel taxes, and income tax (IRS). Proposed measures include a 6% VAT rate on construction, five-year IRS exemptions for properties entering the rental market, and increased tax deductions for mortgage interest and rent payments, alongside plans to lower the ISP fuel tax and reduce total IRS collections by 1.6 billion euros.
Why it matters
These are opposition proposals currently being debated; nothing has changed yet, but if approved, they could lead to lower construction costs, tax breaks for renters and homeowners, and increased income tax relief.ObservadorRead original ↗
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