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Plusvalía Tax in Spain

Discussion forum for expats moving to or living in Spain.

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Plusvalía Tax in Spain

Post Posted: Thu Nov 02, 2017 5:33 am

Hello Guys

Can anyone share the latest information about the Plusvalía Tax in Spain.

Thanks in Advance

 

inlandandalucia
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Re: Plusvalía Tax in Spain

Post Posted: Thu Nov 02, 2017 5:21 pm

Plus-Valia Tax: This is a local town hall tax and is payable by the seller, and is calculated by way of a formula that calculates the land value of the property (including apartment buildings and multi-storey constructions) between the former and current sale date. The formula is different at each town hall but is not usually a high amount. You may consult the amount due, in advance, at your local town hall.

Since not all property that is sold goes up in value, vendors in Spain started to challenge this tax after they were often charged despite selling the property for less than they bought it. Spanish courts have now agreed with this and town halls across the country are now obliged only to levy this tax if a property has been sold at an increased price.


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lpgspain
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