Implications of being a "large holder"

The housing law established some obligations for homeowners who are considered "large holders". For these purposes, remember that a natural or legal person is considered a "large holder" if they own more than ten urban properties for residential use (excluding premises, warehouses, garages, offices...) or if their total built area exceeds 1,500 m² of residential use (in areas declared as having a tense residential market, the limit may drop to five or more properties per tense area).

Well, know that the repercussions of being a large holder or owning several homes do not end here and can also be of a tax nature. For example:

• The IBI regulations allow municipalities to impose a surcharge of up to 50% on owners who, continuously and without justified cause, have vacant homes for a period exceeding two years and own four or more homes.

• Some autonomous community has already approved a higher ITP in case the buyer of a second-hand home is a large holder and the home is located in a tense area.

In any case, do not be alarmed: in many territories this higher taxation is not applicable. Furthermore, if the properties are owned in co-ownership or if one is only the holder of the usufruct, there are special rules that may benefit you when computing the number of properties or the area.

Finally, keep in mind that in areas declared as having a tense residential market, the limit to be a large holder may be less than ten properties (in Catalonia, for example, to be a large holder it is enough to own five homes).

 

If they intend to apply any surcharge for being a large holder, our professionals will analyze your situation and assist you in case you need to file any appeal or claim.