ANDORRA Law and Practice Contributed by: Elena Redondo, Albert Hinojosa and Marc Ambrós, Cases & Lacambra
Corporate Income Tax taxpayers may reduce their positive taxable income by up to 15% by contributing residential properties to the Nation - al Housing Institute, thereby supporting public policies aimed at improving access to housing. Additionally, Corporate Income Tax and Personal Income Tax taxable bases may be reduced by an amount equivalent to 10% of rental income derived from residential properties located in Andorra, provided that the rental income does not exceed EUR9 per square metre.
Finally, Personal Income Tax taxpayers may reduce their taxable base by an amount equiv - alent to 50% of the expenses incurred during the tax period for the acquisition of a property intended for the rental market as a primary and permanent residence for an individual, provided that the rental price is affordable.
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