Rodas Consulting S.L.
Legal Services
3. "Plus Valía"
This is a municipal tax on the increase in the value of residential land (not on the building), from one 'escritura' (title deed) to the next.
The basis for the calculation of the tax is the fiscal value (valor catastral) of the land at the time of the transfer. A set of percentages are applied on this value for the number of years that have passed since the previous transfer, up to 20 years, in relation to the number of inhabitants of the municipality.
This is a tax to be paid by the vendor, but it can be agreed between vendor and buyer, that the buyer pay. One can find what the tax will be by going to the town hall with the 'escritura'. They can calculate the figure in a few minutes.
© RODAS CONSULTING SL IS A COMPANY REGISTERED IN SPAIN WITH REGISTRATION
NUMBER B-53805917 AND REGULATED BY THE LAW SOCIETY
Copyright || Disclaimer || Aviso Legal