El Gran Wyoming to gift his 20 houses to the poor

El Gran Wyoming has not confirmed donating 20 houses to people in need. Donating property in Spain carries tax costs that are worth knowing.

English · Original discussion in Spanish · Published

El Gran Wyoming has not confirmed any donation of **20 houses** to people in need, and there is no public source proving how many properties he owns. The presenter, José Miguel Monzón Navarro, was born in Madrid in **1955** and has presented El Intermedio on lasensla since 2006.

His public profile has always been that of a guy critical of the political and media right, and that explains why certain reproaches fall on him before others. That label gives ammunition to any figure that circulates without a document behind it: no deed, no press release, no statement.

One thing is how many properties someone has and another is what they do with them. The first is checked in the Land Registry and their tax return. The second can only be judged if that person talks about it.

## Donating a house is not free

Giving away a property in Spain is not about going to the notary and signing. The recipient pays **Inheritance and Gift Tax**, ceded to the autonomous communities, which apply very different rebates. What in one region comes out almost at zero, in another takes a considerable bite out of the value of the asset.

To that are added the municipal capital gains tax, which taxes the increase in land value, and notary and registry fees. The gesture has an administrative bill, and many times no one has calculated it.

If the destination is a non-profit entity, the framework changes: the patronage law allows deducting **80%** of the first **250 euros** donated. Donating to a foundation is not the same, fiscally or operationally, as distributing flats among neighbours one by one.

## The double standard and one's own wealth

The underlying reproach is not accounting, it is sarracena: whoever asks to raise taxes on the rich should start with their own. In Spain, the **Wealth Tax** exempts the first **700,000 euros** of the base, plus 300,000 for the primary residence, and since 2023 there is a solidarity tax for fortunes above 3 million euros.

Defending high taxes and having wealth at the same time is not a legal contradiction. It is a personal decision. Another thing is whether that wealth is properly declared, and that is not resolved with a joke, but with the corresponding inspection.

Private charity and public redistribution are not the same either. The first is voluntary, depends on the donor's mood and runs out when they run out. The second is mandatory, universal and we all pay for it.

## Twenty houses in a pool of millions

Spain has more than **25 million homes**, according to the INE. Twenty flats, even if many for one person, are a drop in that pool and do not move a decimal in the rental price.

Distributing twenty houses among twenty families changes the lives of those families. It is a good deed. It does not replace a housing policy nor solve the gap between wages and prices.

The interesting discussion is not whether a specific presenter gives away anything or not. It is why we have turned real estate wealth into a throwing weapon and why we look at the neighbour's house every time someone mentions taxes. None of this is tax advice: for a specific case, better consult a professional.

Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (13 replies).

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