Summary table: Reductions for housing rentals under Article 23.2 of the Personal Income Tax Law applicable in 2024

Contract date	Percentage of positive newborns	Requirements for the application of each reduction percentage
Contracts prior to May 26, 2023	60 percent	In general. Current wording as of 31-12-2021
Contracts from May 26, 2023	90 percent	Whether it is a new contract for a property that has already been rented, That the property is located in an area of a stressed residential market, and That the rent be reduced by more than 5% in relation to the last rent of the previous contract once the annual update has been applied.
	70 percent	When the above requirements are not met, any of the following circumstances occur: If the tenant is a natural person: That the taxpayer rents the home for the first time, That the property is located in an area with stressed residential market, and That the tenant is between and years old. If the lessee is a Public Administration or non-profit entity under Law 49/2002 , that the lease has any of the following purposes: Social rental with a monthly rent lower than that of the rental assistance program of the state housing plan Accommodation for people in situations of economic vulnerability Housing covered by a public housing program or qualification under which the competent Administration establishes a limitation on the rental income.
	60 percent	When the above requirements are not met, actions are carried out rehabilitation of article 41.1 of the Regulations of the PIT completed 2 years prior to the signing of the contract.
	50 percent	For all other leases.