Special buy and hold tax regime in Spain - 85% deduction?!

[Celia Fernández]

Hi everyone,

I understand that in Spain there are significant tax breaks (a deduction of 85%) for companies which rent 8 or more apartments under a special regime. I see that at least 55% of the company's revenue must come from the rentals, and that they must be rented as 'long term rentals'. Does anyone have any experience with this special regime in practice? It almost seems too good to be true. What's the catch?

Has anyone thought of grouping their rental properties together to make use of this tax break?

Thanks in advance!

P.S: I'm investing in Valencia, so happy to discuss and connect with other investors!

- Celia