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The regional government also maintains for Lorca autonomic hundred percent deduction and significant reductions in grants and solar homes in Handyman

The Minister of Economy and Finance, Francisco Martínez Asensio, appeared before the plenary of the Regional Assembly to present, discuss and ask the Chamber validation of Decree-Law 3/2014, by which two measures are included to keep doing rebuilding Lorca after the earthquakes of 2011 Thus, under this rule, on the one hand, the tax benefits are extended in this county and, second, the purpose of the loan granted to the Community for its reconstruction is extended by an amount of 12 million euros.

Asensio Martinez said, again, "the National Government has expressed sensitivity to the citizens of the region and, in this case, with the economic situation and staff Lorca."

In this regard, the Minister said that the Government of Spain "has taken a number of measures to ensure the recovery and progress of the social and economic fabric of Lorca and thus last July approved the modification of measures to expedite the payment of aid to the victims, rebuild the demolished buildings and boost economic activity Lorca ".

In addition, the Minister added, "the extension of the subject of credit to the Community, amounting to 12 million euros, will be made directly by the ICO, will finance several performances."

Among them, he cited the reconstruction of the fairgrounds in Santa Quiteria, extending from the center of Business Initiatives and Building Evacuation path Lorca-South central access, which includes the rehabilitation and expansion of the South Avenue from the Puente de Vallecas until Roundabout with the RM-11.

The purpose of the loan will finance the implementation of actions by the City of Lorca on municipal infrastructure to support trade and entrepreneurship, "as necessary to promote economic recovery and social activity of the municipality" and improvement of escape routes in case of disaster.

In short, summarized Asensio Martinez, the regional government, "always active and concerned about the future of the people of Lorca", the aim of this Decree Law "advance the modernization of infrastructures, because, as we have always said, we are not satisfied with the mere reconstruction of Lorca, we have to do together Lorca better than it was the day before the tragedy of May 11, 2011 ".

Besides "getting revive its economy and possible actions to improve future emergency situations that are unavoidable actions of this government to effectively recover the city."

Tax Benefits

In terms of tax benefits, Asensio Martínez recalled that given in the said Act until December 31, 2016, in order to "consolidate" the recovery of Lorca "the validity and application of all tax relief is extended" and " prevent the tax burden impedes make certain investments. "

The Minister stressed that the purpose of the regional government is "to help lessen the tax burden on those affected by benefits and tax credits."

Thus, in the autonomic Handyman hundred percent deduction is maintained.

As for housing grants and solar, are still in force significant reductions in the tax base, to 300,000 euros limit the reduction to the case of living donation, and up to 100,000 euros for donating sun rises .

Similarly, and always with the aim to further promote entrepreneurship in the town of Lorca and promote the revival of the economy, the deductions are held in cash donations for the establishment of business as well as to rehabilitate, reconstruct, repair or acquire related businesses that suffered damage as a result of earthquakes goods.

The reduction shall be one hundred percent, with a limit of 200,000 euros and 400,000 if the taxpayer has the status of disabled person.

In connection with the transfer tax and stamp duty, the reduction of corporate tax rate from 8 to 3 percent remains in the form of capital transfers for all those that aim to acquire a home that will be the habitual residence taxpayers in the town of Lorca, the requirements set forth in the operative part.

Regarding the Legal Documents, continues the reduction of the general type to 0.1 percent for public deeds documenting, among others, acquisitions of houses, concession, subrogation and expansion of mortgage lending, plus new statement of work and horizontal division.

Source: CARM