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Old Oct 15th 2017, 6:43 pm   #16
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Default Re: Plusvalia Tax

It's a loss if the sale price is less than the purchase price on the escritura.

The official market value, not that it is relevant here, is calculated by Hacienda based on the cadastral value multiplied by a factor which depends on the municipality it is located in.
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Old Nov 1st 2017, 4:14 pm   #17
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Default Re: Plusvalia Tax

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Originally Posted by Moses2013 View Post
Question would be why the estate agent advised? It's the town hall he has to contact and yes, if a loss he shouldn't pay. He should get a lawyer to sort it out. Often people pay in advance and then struggle to get the money back.
Our solicitors insisted we pay the Plusvalia tax and then had to claim it back. When we refused saying it was deemed unnecessary and illegal as we sold at a loss, we were told the house sale could not take place without us paying this money. So we paid. As our solicitors did a total hatchet job on our sale we subsequently sacked them and now need someone “who knows what they are doing” to get it back for us. We have been quoted €200 + 21% Tax PLUS 20% of what we paid €3000, so it ends up costing us circa €1000 of our initial illegal PlusValia tax payment. It’s an absolute disgrace.
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