increase in the value of a property, capital gains tax, taxation

Plusvalia

20 06 - 2023

Capital gains tax is a tax that is explained as the increase in the value of a property that is created at the time of a transfer. property that is created at the time of a transfer when capital gains are obtained from a sale. Also in the case of an inheritance or donation of a property. In the example of a real estate sale, the seller will be responsible for paying the Plusvalia Municipal at the town hall where the property is located. Unless you are a "Non Resident in Spain", in which case the buyer will pay it. There is a period of 30 days from the date of the sale. Each local council sets the rules for the collection of this tax. That is to say, these bodies establish their own multiplier coefficients and the tax percentages to be applied to the calculation. For this reason, the you have to pay can be very different from one locality to another.What must be taken into account is when the property was acquired and when it was sold, the cadastral value of the land of the property, the revaluation of the said land over the years that the property has been owned, the tax imposed by the town hall and the reduction on the tax, if any.

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