Transfer Tax when selling a car
#16
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Location: Spain since 1987
Posts: 199
Re: Transfer Tax when selling a car
I would think your biggest problem may be to find a buyer at the price you want.
Last edited by JulianWard; Apr 12th 2011 at 3:32 pm.
#17
Re: Transfer Tax when selling a car
When it comes to understanding Spanish bureaucracy - join the club!
It's not that the rules/laws are difficult to understand - they are well documented - it's the interpretation and application of them, different in every area/local office, that drives most of us mad!
It's not that the rules/laws are difficult to understand - they are well documented - it's the interpretation and application of them, different in every area/local office, that drives most of us mad!
#18
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Joined: Mar 2011
Location: Spain since 1987
Posts: 199
Re: Transfer Tax when selling a car
The valuations are based on tables produced by the tax office.
You can find the "official" new value of the car in the list and apply the depreciation factor at the end of the list.
http://www.aeat.es/AEAT/Contenidos_C...ha36972008.pdf
You can find the "official" new value of the car in the list and apply the depreciation factor at the end of the list.
http://www.aeat.es/AEAT/Contenidos_C...ha36972008.pdf
Says my 1997 Toyota Corolla was worth 7,400 €. Wonder if I could find some one (idiot) who would believe that and buy it at a slightly adjusted price !!!!
Last edited by JulianWard; Apr 12th 2011 at 3:38 pm.
#19
Re: Transfer Tax when selling a car
If you check the depreciation factors, as I suggested, you will see that your Toyota is worth only 10% of its new value - ie. €740.
#20
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Joined: Mar 2011
Location: Spain since 1987
Posts: 199
Re: Transfer Tax when selling a car
Interesting. I paid 2,650,000 Ptas, just under 16,000 €. Perhaps I was the idiot. I should have only paid 7,400€
#21
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Joined: May 2009
Posts: 882
Re: Transfer Tax when selling a car
This seems very high to me, this is not rocket science. My local driving school do it and they just pay an agent to do it on their behalf, you see these agents in the tens outside trafico with their bulging briefcases.
I'm not sure what's going on in your case but I have to tell you that is most common for the buyer to pay the tax,especially on a low cost car.
This isn't this complicated
#22
Re: Transfer Tax when selling a car
Wouldnt it be great if you could just sign the permiso circulation , post it to traffico and the new owner got it posted to him in his name in 10 days ,all for the price of a first class stamp ....that would be some fantasy world
#23
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Location: Marbella
Posts: 256
Re: Transfer Tax when selling a car
It seems that the tax is around 150 and the rest is the Gestor fee..... I believe Trafico has a charge of 40 odd euros to change the name.... this is included in the Gestor fee....
Next question;
I was just getting all my documents together for the car and the 'Permiso de Circulation' has 2 dates...
The first is 28-09-2004 which is the date that the car was re-registered in Spain, this is under section 'I' 'Fecha de matriculation a la que se refiere el presente permisso'.....
The second is 30-07-2010 which is under the section '(I.1) 'Fecha de expedicion'.......
What is this second one?
Next question;
I was just getting all my documents together for the car and the 'Permiso de Circulation' has 2 dates...
The first is 28-09-2004 which is the date that the car was re-registered in Spain, this is under section 'I' 'Fecha de matriculation a la que se refiere el presente permisso'.....
The second is 30-07-2010 which is under the section '(I.1) 'Fecha de expedicion'.......
What is this second one?
#24
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Location: Marbella
Posts: 256
Re: Transfer Tax when selling a car
No worries think have figured it out.... it was the date that I went to Trafico to change my address!
well seeing as I cannot seem to find any info about sorting the tax myself....I'll just pay the Gestor!
Wish me luck with the sale!
well seeing as I cannot seem to find any info about sorting the tax myself....I'll just pay the Gestor!
Wish me luck with the sale!
#25
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Posts: 882
Re: Transfer Tax when selling a car
I really think you need to barter with buyer on sharing the overall costs here, that's the normal practice, up to you though.
Good luck.
#26
Re: Transfer Tax when selling a car
Having sold cars/bikes myself and also helped others do the same, the buyer has always paid these expenses.
#27
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Re: Transfer Tax when selling a car
Back again!
Who exactly is responsible for the transfer tax? the buyer or the seller?
Thanks
Who exactly is responsible for the transfer tax? the buyer or the seller?
Thanks
#28
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Re: Transfer Tax when selling a car
I repeat, it is usually something you barter over. If they try and knock you down on the price you can use transfer costs as a barter, equally if you won't budge on price they may want you to pay, generally speaking in my experience you could pay gestors fees, they pay tax or more often an equal split, it all depends on the price and yours or theirs criteria.
#29
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Posts: 256
Re: Transfer Tax when selling a car
But... say I bought a car and I was unaware of any transfer tax...... whose bum does it come back and bite? the seller or the buyer?
#30
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Re: Transfer Tax when selling a car
Every time a car is sold/bought in order to transfer it into your name you/they will have to pay the tax.