Portal de Lorca
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The Cabinet has given the green light to a decree-law establishing two fundamental laws to continue with the recovery of Lorca after the earthquake are modified, which will extend the validity and application of all tax benefits until December 31 , 2016.
Specifically, Law 2/2012 amending, approving the budget and control system of aid granted to repair the damage caused by earthquakes in Lorca is regulated, and the Law 5/2011, of extraordinary fiscal measures to criteria.
The regional government's goal is to advance the modernization of infrastructure to help boost economic activity of the municipality and improve communications and emergency evacuation.
Thus, the modification of the law of tax measures enable further implementation of a tax law that favors the revival of the market and thus the renewed dynamism and economic and social normality.
With these autonomous taxation measures, the regional government aims to help lessen the tax burden on those affected by the establishment of benefits and tax credits applicable to transactions and taxable transactions under their own taxes and assigned on the Community has regulatory capacity.
Thus, in the autonomic Handyman hundred percent deduction is maintained.
As for housing grants and solar, are still in force reductions in the tax base (to 300,000 euros limit this reduction is raised, in the case of housing and cash donation, and up to 100,000 euros for donating solar).
Also, in order to further promote entrepreneurship and encourage the revival of the economy in Lorca, deductions are held in cash donations for the establishment of business as well as to rehabilitate, reconstruct, repair or purchase business-related goods they have been damaged as a result of earthquakes.
The reduction shall be one hundred percent, with a limit of 200,000 euros, which will reach 400,000 euros in the event that the applicant 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 those who aimed at the acquisition of a home that will be the habitual residence of the taxpayer in the town of Lorca.
Regarding the Legal Documents, continues the general reduction of 0.1 percent for the deeds that document, among others, acquisitions of houses, concession, subrogation and expansion of mortgage lending, new statement of work and horizontal division .
Moreover, on 4 July, the National Government approved a Royal Decree amending measures to expedite the payment of aid to earthquake victims, rebuild the demolished buildings and boost economic activity in Lorca .
To do this, the object sought to expand the credit granted to the Community, for an amount of 12 million euros.
The purpose of the loan will finance the implementation of actions by the City of Lorca on municipal infrastructure to support trade and entrepreneurship needed to boost the recovery of economic and social activity of the municipality, as well as track improvements evacuation in case of disaster.
Specifically, among the projects included is rebuilding the fairgrounds in Santa Quiteria, extending from the center of Business Initiatives and the construction of the 'Escape route Lorca-South access center: rehabilitation and expansion of South Avenue from Puente de Vallecas until Glorieta with RM-11 '.
Source: CARM
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