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Forum: Spain
Oct 15th 2017, 5:43 pm
Replies: 16
Views: 1,482
Posted By Fred James

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...
Forum: Spain
Aug 19th 2017, 9:01 am
Replies: 16
Views: 1,482
Posted By Fred James

Re: Plusvalia Tax

That's correct, the 3% retention is against CGT. Plus Valia is paid to the town hall, not Hacienda.

As for paying and reclaiming, I don't know the answer to that but it wouldn't surprise me as the...
Forum: Spain
Aug 19th 2017, 6:43 am
Replies: 16
Views: 1,482
Posted By Fred James

Re: Plusvalia Tax

The law was changed in February. The tax is not illegal, but it cannot be charged when the house is sold at a loss.
...
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