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 official, assessed value of the land your property stands on since it was last sold. The rate varies according to location, land size and the time that has elapsed since the last transfer of tittle. It applies to both new and resale properties, and is a local tax paid to the town hall.
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 expensive to settle. Complementary tax demands can be sent out up to four years after the original purchase of the property. Just when you thought everything was signed and sealed.
In Albir Abogados we are able to make calculations to assist you in working out what any complementary tax might be. With this information and knowing we can appeal if you should receive a demand; don´t miss the opportunity to buy the home you´ve always wished for.
Home improvement law in Spain can be confusing for those who aren’t legal experts. It often comes as a surprise that you are required to get planning permission for even small improvements to your Spanish house.
Why to request our help:
1. Avoid legal problems. You reducing risks and avoid fines from the local government.
2. Peace of Mind. Ensuring that the entire process is legal will leave you worry-free when the work is completed.
3. Your property in the future. Removing the possibility of difficulties when it comes the moment to selling or bequeathing the property.
According to home improvement law in Spain, you might need an architect’s drawing to get permission from the town hall. Albir Abogados can take care of all official permits, legal issues and changes to the description on the deed so that you can relax and enjoy your house in Spain. We make sure that all of your home improvements are completely legal and take care of changes to your Property Title and Registry.