What is plusvalía tax - Taxes in Las Ramblas Golf: Suma, NIE and general tax advice - Las Ramblas Golf forum - Costa Blanca forum in the Alicante province of Spain
Expat Services
ASSSA Insurance
Jennifer Cunningham Insurances SL
Airport Service Taxi Mil Palmeras  Torre de la Horadada
interior building work
Car Key Solutions
Costa Blanca Building Specialists
Blacktower Financial Management
Gran Alacant Insurances
Gentlevan Removals
Thy Will Be Done
AA Free English TV
James Spanish School
Espana Dream Properties

Join the Las Ramblas Golf forum

Join the Las Ramblas Golf forumMy name's Alex and this is my website all about Las Ramblas Golf in Spain. Register now for free to talk about Taxes in Las Ramblas Golf: Suma, NIE and general tax advice and much more!

What is plusvalía tax

Posted: Thu Jul 27, 2017 8:54am
5 replies103 views3 members subscribed
windtalker

Posts: 11

1 helpful points

Location: Las Ramblas Golf

Joined: 24 Jul 2017

I am thinking of selling my property, probably at a 50% loss, but Brian down the pub says I will have to pay a gain tax called plusvalía tax. What is this?

jimtaylor

Posted: Thu Jul 27, 2017 4:01pm

jimtaylor

Legendary helpful member

Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Thu Jul 27, 2017 4:01pm

Tell Brian down the pub that he doesn't know what he's talking about.

Plusvalía - Impuesto sobre el Incremento del Valor de los Terrenos de Naturaleza Urbana - is a Spanish municipal capital gains tax on the increase in the value (valor catastral - the value of the plot, instead of the market value of the property) since the last recorded sale etc.

When selling a property and buying another, you get relief from this tax up to the amount reinvested.

According to the town halls, when selling at a loss, you are still expected to pay the plusvalía tax.

However, El Pleno del Tribunal Constitucional - the Spanish constitutional court - have annulled the plusvalía tax on properties where property values have either devalued or remained static.

This change in legislation is retrospective, so if anyone has paid plusvalía after making a loss on selling a property up to four years ago, they can claim a refund.


windtalker

Posted: Thu Jul 27, 2017 8:39pm

windtalker

Original Poster

Posts: 11

1 helpful points

Location: Las Ramblas Golf

Joined: 24 Jul 2017

Posted: Thu Jul 27, 2017 8:39pm

Thanks Jim

Yes Brian is the local know all big mouth, every town has one.

The bit I could not understand was this ''increase in the value'' ''the value of the plot''.

The only increase in value I have seen in Spain over the last 10 years is my electric bill. (Double).

Advertisement - posts continue below

jimtaylor

Posted: Fri Jul 28, 2017 4:31am

jimtaylor

Legendary helpful member

Posts: 5612

8738 helpful points

Location: Mudamiento

Joined: 2 Feb 2017

Posted: Fri Jul 28, 2017 4:31am

Tha catastral, or land registry, value always goes up; it's the building on that land that can lose value. I agree that's a bit odd, and think it's based more on tradition than on reality, but we just have to live with the situation.

It's not just electricity - gas has doubled in price since we've been here. And our IBI has nearly trebled since the recent catastral revaluation.  Pity our pensions haven't kept pace with price increases for the utilities.

sambastimanlivecouk

Posted: Sun Jul 30, 2017 10:42am

Posts: 117

42 helpful points

Location: Almoradí

Joined: 22 May 2015

Posted: Sun Jul 30, 2017 10:42am

windtalker wrote on Thu Jul 27, 2017 8:54am:

I am thinking of selling my property, probably at a 50% loss, but Brian down the pub says I will have to pay a gain tax called plusvalía tax. What is this?

Hi,

If you're thinking of selling, I can help with this and everything else involved in a property sale, honest, reliable service.  Please contact me on 00 34 722 873031 or [email protected].  No fee unless sells.

windtalker

Posted: Sun Jul 30, 2017 2:41pm

windtalker

Original Poster

Posts: 11

1 helpful points

Location: Las Ramblas Golf

Joined: 24 Jul 2017

Posted: Sun Jul 30, 2017 2:41pm

Thank you sambastimanlivecouk.

That magnificent and thank you for contacting me. What do you charge on a sale and what are your professional qualifications?.  

Sign up for free or login to reply to this topic

Want to reply to this topic? Login or register for free to post your message:

Find more Taxes topics from a particular area:


Register for free!

Login to your account

Expat Services
ASSSA Insurance
Jennifer Cunningham Insurances SL
Airport Service Taxi Mil Palmeras  Torre de la Horadada
interior building work
Car Key Solutions
Costa Blanca Building Specialists
Blacktower Financial Management
Gran Alacant Insurances
Gentlevan Removals
Thy Will Be Done
AA Free English TV
James Spanish School
Espana Dream Properties
Advertise your business here
Advertise your property
Help with my computer