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Date Published: 19/01/2024

Under 40? You can now get tax rebates and help to buy a house in Murcia

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Social aid meant for young people is now available for those up to 40 years old in the Region of Murcia

Under 40? You can now get tax rebates and help to buy a house in Murcia

Congratulations, you just got a bit younger! As of today, the legal definition of a ‘young person’ in the Region of Murcia has been changed to mean anyone under the age of 40.

The Regional government made this decision as it relates to financial assistance that is available to young people to help them find employment, buy a house and “consolidate,” in the words of Regional President Fernando López Miras (pictured, second left).

They are extending the measures that are currently in place under a new “strategic youth plan” for the period 2024-2027 so that young people in the Region of Murcia will be able to take advantage of up to 60 different support measures that have a total budget of 77 million euros.

There are three types of financial measures divided by age group:

Under the title “Comienza” (“Start”), people aged between 14 and 24 years old can get financial aid to pay for trips and summer camps, take part in “healthy leisure activities” and access mental health support, among other things.

The second type is for people aged between 25 and 30 years old and falls under the title “Actúa” (“Act”). This includes measures aimed at getting employment or access to European professional programs to help with maintenance until they can begin to earn a salary.

Finally, the “Gana” (“Earn”) type is aimed at what President Fernando López Miras called “more mature youth”, between 31 and 40 years old, to support them in “consolidating a full life”.

In this way, measures already in force such as guarantees on mortgages for property purchases, financial aid to help buy a home in municipalities with less than 10,000 inhabitants, financial help to rent a home, deductions on your personal income tax (IRPF) and a reduction in property transfer taxes for the purchase of a home.

López Miras said at the presentation of the scheme this Friday January 19 that “we are the youngest region in Spain, and we must also be the best region to be young in,” which is why young people are “an absolute priority” for his team.

He joked that, as of this Friday, he himself is “officially young” since he is exactly 40 years old.

Image: CARM

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