From August 1st, young people up to 35 years of age can be exempt from IMT and Stamp Tax when purchasing their first permanent home.

The IMT and Stamp Tax exemption applies to young people up to and including the age of 35 on the date of the home purchase deed and who, in the year of acquisition, are not considered dependents for IRS purposes, even if up to the purchasing a house still living with their parents. They also cannot be owners, nor have they been owners of any dwelling, at the time of purchasing the house or at any time in the previous three years.

This measure applies to all young people who meet the requirements, regardless of their nationality.

The total exemption from IMT and Stamp Tax is only granted to properties up to 316,772 euros. Only houses purchased for the first permanent home of young people up to 35 years of age can be covered by the IMT and Stamp Tax exemption.

Even if the young person has, at some point in their life, been the owner of a property, they will only be entitled to this benefit if they have stopped being the owner for more than three years. Houses purchased that are not, after all, used as permanent homes are also excluded from support.