On July 22, 2025, the Spanish Congress of Deputies approved a bill amending Law 19\/1994, of July 6, which regulates the Economic and Fiscal Regime of the Canary Islands (REF). This reform introduces a significant change: the possibility of applying the Canary Islands Investment Reserve (RIC) to properties intended for long-term residential rental.<\/p>\n
The measure aims to encourage private investment in primary housing by offering substantial tax incentives. Companies and self-employed individuals will be able to reinvest their profits in the purchase, renovation, or construction of housing, with deductions of up to\u00a090% in Corporate Tax<\/strong>\u00a0or\u00a080% in Personal Income Tax<\/strong>, provided the properties are leased for a minimum of five years.<\/p>\n <\/p>\n The law sets out strict requirements to ensure that these investments genuinely contribute to increasing the housing supply in the Canary Islands:<\/p>\n <\/p>\n As an innovative feature, the reform allows rental contracts to include a\u00a0purchase option<\/strong>. This means that, after a minimum of five years of leasing, tenants may acquire the property at a pre-agreed price, facilitating access to homeownership.<\/p>\n <\/p>\n Although the bill has been approved, the full text and its effective date are still pending publication in the Official State Gazette (BOE). Once published, a more detailed analysis will be possible to clarify its practical implementation.<\/p>\n We will continue to monitor legislative developments closely to provide updated information and personalized advice on how to take advantage of this new investment opportunity in the Canary Islands.<\/p>\n <\/p>\n[et_pb_section global_module=\"66738\"][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":" On July 22, 2025, the Spanish Congress of Deputies approved a bill amending Law 19\/1994, of July 6, which regulates the Economic and Fiscal Regime of the Canary Islands (REF). This reform introduces a significant change: the possibility of applying the Canary Islands Investment Reserve (RIC) to properties intended for long-term residential rental. The measure […]<\/p>\n","protected":false},"author":17,"featured_media":66730,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[512],"tags":[],"class_list":["post-66729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nKey Conditions for This New RIC Modality<\/strong><\/h2>\n
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Rent-to-Own: A New Opportunity for Tenants<\/strong><\/h3>\n
Next Steps<\/strong><\/h4>\n