spainrico

This is important for buyers/sellers of property

https://blog.abacoadvisers.com/new-r...alue-in-spain/

agree_to_disagree

"The bad news is that if the sale price is higher than the reference value then the tax will be based on the sale price. However, if the sale price is less than the reference value it is the latter that will count. In other words, there is no win, win on this. You will always be charged at the higher value."

That is inequitable!

missile

I would suggest this is to frustrate the practice of declaring sale value and paying cash under the table

agree_to_disagree

I simply cannot believe the Spanish would try to pay cash under the table in a deliberate effort to avoid pay tax!

spainrico

Those days are gone in my experience - in Alicante province, the Notaries are now much more regulated and accountable.

Listen Very Carefully

You mean they no longer get a sudden need to go to the toilet halfway through.

Loafing Along

This is not really new. In 2010 when we bought our apartment six months after the event we got a tax demand for more Plus-valia .Our lawyers fought it for a bit but in the end difference between what we paid and Malaga "Valor Casatral" and they based their tax assessment on the latter as the tax take was greater. I pleaded poverty and ended-up paying off in monthly installments over three years.

Fredbargate

I can go back to 1984 with similar

spainrico

I did find the reference value of my house, available from Catastro at:
https://www.sedecatastro.gob.es/Acce...ejercicio=2022

I understand not all are available yet....

Loafing Along

Thanks for the link, works perfectly. Very useful

spainrico

OK, good.

Was it lower than you expected?

Loafing Along

Yes, I only checked apartment, not storeroom and parking slot but definitely lower - lower than the amount they calculated in 2010 when I had to pay extra tax