With the price of housing reaching historical maximums, buying a house or floor seems inaccessible by the majority. To alleviate the problem, the Government of Spain has a series of aid for the purchase and rent, such as the one announced this September 15, of almost 30,000 euros for rent programs with purchase option. Now, we must bear in mind that if it is a beneficiary of the same, it will be necessary to account for the Treasury for the money received.
In the absence of knowing the small print of the subsidy and although this information is not yet available on the website of the Tax Agency, Taxdown fiscal experts have clarified that this type of aids always tax as patrimonial gain in the Income Tax (IRPF).
In this way, and to avoid problems with the State Agency of the Tax Administration (AEAT), people who receive such aid must include it in the income statement, within the category “Other profits and patrimonial losses that do not derive from the transmission of equity elements” by not being exempt from the payment of taxes.
Not all aid taxes before the Treasury
Although this rental help with a purchase option must be declared to the Treasury, tax experts clarify that not all public aid pay, some are exempt from the payment of taxes.
Although in general most of them are subject to the payment of taxes, some of them are exempt from IRPF, such as:
- Compensation for civil liability for personal damage or accident insurance
- Public scholarships.
- The financial aid to high -level athletes.
- Exceptional aids for damage caused by natural disasters.
- Social Security benefits for absolute permanent disability or great disability.
- Unemployment benefits perceived in the single payment mode.
- The diets perceived by the presidents and vowels of the electoral tables.
It must be taken into account that each type of help, has a different tax treatment, so it is convenient to review which is the specific for the help received, in order to declare it in the case of corresponding and avoid sanctions.