My name's Alex and this is my website all about La Zenia in Spain. Register now for free to talk about Taxes in La Zenia: Suma, NIE and general tax advice and much more!
Plusvalia
Posted: Thu Dec 10, 2020 5:55pm
Looking for some advice , is Plusvalia paid on a loss? We bought apartment for 128,500€ and sold at 125,000 a loss of 3,500€ should we be paying plusvalia on a loss?
TIA
Posted: Thu Dec 10, 2020 7:05pm
Legendary helpful member
Hi Jan57,
Plusvalia is a tax levied against any increase in the value of the land on which a property is built, rather than the property itself, so selling the property at a loss doesn't necessarily mean that you won't be liable for Plusvalia (although it does mean you wouldn't be liable for Capital Gains Tax). This article from my tax advisers, Abaco, explains the tax, along with details of what is needed to calculate it for your own property:
https://blog.abacoadvisers.com/what-is-the-plusvalia-tax-in-spain/
Kind regards,
Kim
Properties near La Zenia
Latest Taxes topics
Our sponsors
Register for free!
Login to your account
Popular posts in La Zenia
