The proposal ensures IMT Jovem if the deed is executed within 30 days, avoiding loss of the benefit due to delays.
Source: Adobe Stock
Author: Redaction
The IMT Jovem regime allowing up to 30 days after issuance provides a solution to prevent minor delays from invalidating the right to the tax benefit. Currently, the IMT benefit for young people up to 35 years old requires that the deed for the purchase and sale of the first own and permanent home be completed before the buyer turns 36. However, everyday situations can delay the signing of the deed, meaning that even a single day can result in the loss of this important exemption or tax reduction.
Factors that may cause such delays include issues with property delivery, delays in the banking process, pending municipal documents, or personal situations such as illness. To address this specific problem, notaries have proposed that the IMT Jovem tax benefit be maintained for those who requested the settlement by the age of 35, provided that the deed is executed within 30 days of the issuance of the tax payment slips. This measure would give buyers a margin to complete the formalities without losing the incentive, avoiding the need for legal exceptions, which can be a complex and litigious process.
The proposal retains the current eligibility rules: young people up to 35 years old who purchase their first own home benefit, provided the property does not exceed certain value limits (up to €316,772 for full exemption). Above this value, there is a partial exemption up to €633,453, with tax payable only on the difference.
The initiative also aims to minimise the risk of legal disputes related to the application of IMT Jovem, ensuring greater legal certainty for buyers and fairer access to the benefit.
Key aspects of the IMT Jovem within 30 days:
- The IMT Jovem benefit applies to young people up to 35 years old acquiring their first own and permanent home.
- The proposal provides that the right to exemption remains even if the deed is executed up to 30 days after the issuance of the IMT payment slips.
- This period accommodates normal delays in the purchase process, including bureaucratic issues, property delivery, and personal unforeseen events.
- No member of the household may own or have usufruct of another property.
- The property must be occupied as the main residence for at least six years.
- The proposal aims to reduce legal disputes and the difficulty buyers face in meeting exact deadlines that may be beyond their control.
The measure is scheduled for discussion in the new 2026 State Budget proposal.
Guaranteeing the IMT Jovem benefit within 30 days demonstrates concern for adapting legislation to the practical realities of property acquisition, promoting greater fairness and facilitating homeownership for a generation facing various financial and bureaucratic challenges.
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