Property tax IBI may reduce up to 20% for energy efficient buildings


26 Oct. 2015

The Ministry of Finance will allow town councils to reduce up to 20% the IBI as of next 1 January 2016, for an indefinite term. Those with a higher energy performance classification (A) may benefit from up to 20%, class B up to 16%, class C up to 12%, D up to 8% and E up to 4%. Buildings with F or G or without energy performance certificate may not benefit from any reduction.

To benefit from this reduction, property owners shall provide town councils with the energy performance certificate. This certificate is compulsory for those selling or renting the properties.

This is a last minute measure introduced by Partido Popular during the drafting of the Law for 2016 State General Budget.

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