Advance the tax on empty housing

Advance the tax on empty housing

The National Federation of Tenants indicated that it will bring to the table the initiative to regulate the initial rental price, which is set at 2% of the tax value of the home

Referents of tenants and the real estate market will meet this Thursday at the rental table formed within the scope of the Ministry of Internal Trade to analyze measures for the sector.

The second meeting of the table will be held this Thursday and the proposals of the National Federation of Tenants, the Argentine Real Estate Chamber and the Unique College of Real Estate Brokers of the City of Buenos Aires (Cucicba) will be addressed.

The National Federation of Tenants indicated in a statement that it will bring to the table the initiative to regulate the initial rental price, which is set at 2% of the tax value of the home, “This being the only price that the State regulates and updates every year and for which the owners pay their taxes.”

The application of a 5% tax on the fiscal value of disused real estateor for more than two months for all those who have more than three properties, is another of the central points of the proposals of the Federation chaired by Gervasio Muñoz.

“The empty housing tax is a measure that is taken in almost all the big cities of the world. Its function is to limit speculation, and increase supply to lower the pressure on prices”, remarked.

They will also address the need to establish a channel for complaints before the Consumer Defense/Secretariat of Commerce for non-compliance with the legislation applicable to rental relationships; that an official measurement of rental prices be carried out; and greater control of the AFIP over real estate companies.

For his part, the president of the Argentine Real Estate Chamber, Alejandro Bennazar, told Télam that at the meeting they will present a document prepared together with Cucicba in which the need to “modify the law, make a new one or roll it backand attend to the modification of the money laundering law, that the used unit be incorporated, not only the new one, in addition to a battery of proposals related to tax issues”.



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