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Spain: Law introducing new tax incentive for foreign individuals investing in certain securities (Madrid)

Law adopts draft law introduced in July 2024

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December 4, 2024

Law 4/2024, of November 20, 2024, which introduces effective January 1, 2024, the regional 20% deduction for individual (personal) income tax purposes for investments in certain securities by foreigners acquiring tax residence in Madrid, was published in the official gazette of Madrid on November 28, 2024.

The law adopts, with only technical corrections, the draft law introducing the new tax incentive that was approved by the Madrid Regional Assembly in July 2024.

Read a November 2024 report (Spanish) and (English) prepared by the KPMG member firm in Spain

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