The first measure involves a new reduced rate of 4% on Property Transfer Tax (TPO) for second-hand habitual residences, which currently stands at 6%. The second reduction will affect the Stamp Duty for the acquisition of newly built properties, decreasing from 0.75% to 0.4%.
These two initiatives, which will be reflected in the 2027 regional budgets, aim to match the bonus already benefiting large families in the Community of Madrid. The head of the regional executive announced these measures during an informational meeting organized by Nueva Economía Fórum.
Regarding Property Transfer Tax, the reduction will allow for paying one-third less in purchase fees for homes valued up to 450,000 euros. It is estimated that around 40,000 young people will benefit from this measure, generating savings of 114 million euros, averaging nearly 3,000 euros per person. For instance, a couple purchasing a property worth 300,000 euros will pay 12,000 euros for this tax, compared to the 30,000 euros they would pay in other autonomous communities like Catalonia.
Meanwhile, the reduction in Stamp Duty for new homes, from 0.75% to 0.4%, is expected to save approximately 2.1 million euros annually, benefiting around 4,200 young Madrileños.
