12:08 - 25.04.2023

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April 25, Fineko/abc.az. The new tax will be levied on empty non-residential houses in Spain.

ABC.AZ reports that the new tax rule will still be in effect in the Spanish province of Extremadura.

The new rule to come into force from the beginning of 2024 will cover 4,000 houses, and an additional tax of €2 million will be levied on these houses during the year.

Under the rule, the new tax will be levied on apartments that belonged to an individual for more than 5 years and remained empty for 1 year without a valid reason.

From empty houses with an area of up to 500 sg m, the tax will be charged at the rate of €3.75 per sq m. If the area of an empty house is up to 4,000 sq m, the tax will be calculated at the rate of €11.25 euros per sq m.

Thus, the owners of empty apartments with an area of 10,000 sq m will pay €97,000 of taxes a year. This rule will also apply to banks and large companies that either quickly sell or lease their property on collateral.

A similar rule will apply in another European country – Belgium. So, in the province of Wallonia, the owners of empty houses will be fined from €500 to €12,500.