Among the key provisions of the law are:
Reduction of the middle rental tax rate from 35% to 25% (Article 8), marking the first income tax reduction for property owners since the memorandum era.
Three-year tax exemption for rental income from vacant or short-term leased properties (Article 9).
Exemption from ENFIA (property tax) for owner-occupied residences in small settlements (Article 10).
Annual extension of the VAT suspension on real estate through 2026 (Article 12).
Tax relief for the re-rental of vacant properties.
The most significant innovation of the new law concerns the three-year income tax exemption for property owners who rent out residences that have remained vacant for at least three years or properties previously used for short-term rentals (e.g., Airbnb).
This regulation applies to leases concluded from September 8, 2024, to December 31, 2026, and covers residences up to 120 sq.m., with the possibility of an additional 20 sq.m. per child beyond the second.
As noted in a statement by POMIDA, which proposed this regulation, "the Ministry of Finance has accepted most of our recommendations, making its implementation simple and bureaucratically light, without platforms, income, or asset criteria."
Accordingly, the Federation encourages all owners of vacant properties or short-term rental units to place them on the long-term rental market to benefit from the three-year tax exemption and contribute to reducing the housing supply deficit. At the same time, it urges owners and tenants to accurately report lease information to the Independent Authority for Public Revenue (AADE) to avoid penalties and ensure tax benefits are secured.
