Referring to the 100% reduction for application to the age of tenants has changed from 35 years to 30 years to the contracts signed before 01/01/2011.Así and with effect from January 1, 2011 and remain in force indefinitely , we introduce the following amendments to the Law 35/2006 of November 28, the Income Tax of Individuals and partial modification of the laws of the Company Tax on Nonresident Income and on Capital :
One is amended in paragraph 2 of Article 23, which reads as follows:
“2.1. º In the case of renting of residential properties, the net income calculated in accordance with the provisions of the preceding paragraph shall be reduced by 60 percent. In the case of positive net income, the reduction will only be applicable in respect of income declared by the taxpayer.
2. º The reduction will be 100 percent where the lessee has an age between 18 and 30 years and a net income from employment or economic activities in the tax period in excess of public income indicator of multiple effects.
The tenant must report annually to the lessor, as determined by regulation, compliance with these requirements. If there are several tenants in the same housing, this reduction will be applied to the net yield proportionally corresponding to tenants who meet the requirements provided in this number.
Two. It adds a new transitional provision nineteenth, with the following contents:
‘Transitional provision nineteen. Reduced lease contracts from before January 1, 2011.
For the implementation of the reduction of 100 by 100 under No. 2. No section 23.2 of this Act, the age of the tenant shall be extended until the time you reach 35 when the lease had been signed before to January 1, 2011 with the tenant. “