SOCIMI
Spain's listed real-estate investment company form, similar to a REIT.
A decree published on 7 October 2026 set a 25% levy on qualifying retained residential-rental profits of SOCIMIs. Exclusions and affordable-housing reductions mean the charge does not cover every receipt.
Last refreshed: 22 October 2026 · Appears in 1 active topic
Which retained residential-rental profits face the higher SOCIMI levy?
Timeline for SOCIMI
Spain lets towns tax tourist-flat owners
Nomads & CommunitiesBackground
A SOCIMI is a Spanish listed company organised around investment in rental property. The abbreviation stands for Sociedad Anónima Cotizada de Inversión en el Mercado Inmobiliario. Law 11/2009 establishes the structure, combining requirements for investments, market trading and profit distributions with an optional special tax regime.
Its principal activities include acquiring or developing urban property for letting, with qualifying holdings in other property-investment entities also permitted. The law sets thresholds for eligible assets and income. Companies using the special regime must distribute specified shares of their profits to shareholders, with different treatment for dividends, property disposals and other earnings. These conditions make SOCIMI a defined corporate structure, not the name of one landlord, a public housing agency or every company that owns property.
SOCIMIs face a scoped retained profit levy
The October 2026 change targets a particular part of a SOCIMI's profits: qualifying residential-rental income retained rather than distributed. Royal Decree-law 29/2026 sets the special levy at 25% and includes tourist accommodation within the residential category. It excludes specified income already taxed at the general rate or covered by the reinvestment rules.
The October text also ties reductions to qualifying affordable housing, with a full reduction requiring reinvestment of retained profits. For a SOCIMI, the relevant questions are therefore the source and treatment of its profits and whether it meets the relief conditions. The measure is not a flat 25% tax on all income received by every company using the structure.
SOCIMIs face a scoped retained profit levy
What changed in the SOCIMI levy in October 2026?
Reference
What is a SOCIMI?
How can affordable housing reduce the SOCIMI levy?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.