You should watch out for complementary tax…

Complementary tax is the tax payable on the difference between the amount declared as the purchase price and how much the Spanish Authority values your property at. The issuing of demands for complementary tax seems to be increasing at a rapid rate and it can be quite...

What is “plusvalía”?

When you sell a property in Spain you may have to pay two property taxes: 1. Capital Gains Tax (incremento de patrimonio): is a tax payable on the profit made on the sale of a property. 2. Plusvalía is the tax charged on the increase in the officially assessed value...

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