ITP-TPO 50% Tax Rebate: Guide to Acquiring Your Registered Office with Major Savings

This rebate affects the Onerous Transfer Tax (ITP-TPO) on the acquisition of real estate and is a clear measure to foster the productive sector and investment in fixed assets allocated to business activity.

1. Scope and Application

It is a 50% rebate on the tax liability of the ITP-TPO (TPO modality) applicable to the purchase of properties (including offices, premises, or industrial warehouses) intended to serve as the registered office or workplace (center of business operations) for companies or professional businesses.

• Effective Date & Jurisdiction: The regulation introducing or modifying this rebate generally takes effect from March 26, 2025, or similar dates, and must be applied according to the Autonomous Community's regulation where the property is located. Specific requirements have been highlighted in regions like Catalonia and Castile and León (CyL).

• Beneficiaries: The rebate is aimed at the purchaser, provided they are a company or a professional allocating the property to their economic activity.

2. Key Requirements and Specific Conditions (Catalonia and CyL Case)

The application is subject to meeting the specific conditions of the Autonomous Community:

• Property Use: The property must be designated as the registered office or workplace.

• Tax Domicile: Typically requires the company to have its fiscal and social domicile within the Autonomous Community (e.g., Catalonia, CyL).

• Maintenance: The property must maintain this designated use and domicile for a minimum period (e.g., 3 to 5 years).

• Employment: Regulations in Catalonia may require an increase in headcount or the maintenance of a specific employment level.

• Exclusions: The company cannot have the management of movable or immovable assets as its main activity.

3. Strategic Importance

This rebate not only means a 50% saving on the tax bill but is also a crucial factor when planning business investments. It facilitates the direct acquisition of productive assets for SMEs and professionals, significantly lowering the initial tax cost.

By C.Fabri