My name's Alex and this is my website all about Torrevieja in Spain. Register now for free to talk about Taxes in Torrevieja: Suma, NIE and general tax advice and much more!
jimtaylor wrote on Thu Jul 30, 2020 4:38pm:
They certainly can do it, as some people know to their cost.
Kim posted details a while ago (thanks, Kim) so look at:
Read more...
I paid at market value as far as I know.
Posted: Thu Jul 30, 2020 4:45pm
Posted: Thu Jul 30, 2020 5:05pm
Legendary helpful member
To try and give yourself ammunition against the possibility that the tax man might have at you, it could be useful if you could find out what similar properties are selling at, so you can give some proof of what actual market values are if push comes to shove.
Having said that, it's unusual for the tax office to challenge you - they just don't have the manpower to look at every sale.
Posted: Thu Jul 30, 2020 5:11pm
Legendary helpful member
jimtaylor wrote on Thu Jul 30, 2020 5:05pm:
To try and give yourself ammunition against the possibility that the tax man might have at you, it could be useful if you could find out what similar properties are selling at, so you can give some proof of what actual market values are if push comes to shove.
Having said that, it's unusual for the tax office to challenge you - they just don't have the manpower to look at every sale....
Read more...
...
Also, for perspective, when they do challenge, they're not looking for the total you saved, they're looking for the 10% on the difference between what you paid and the cadastral value.
Steve
Posted: Thu Jul 30, 2020 5:14pm
Helpful member
dinnerout wrote on Thu Jul 30, 2020 5:11pm:
Also, for perspective, when they do challenge, they're not looking for the total you saved, they're looking for the 10% on the difference between what you paid and the cadastral value.
Steve
And how do you find out that value?
Posted: Thu Jul 30, 2020 5:22pm
Legendary helpful member
oadbyman wrote on Thu Jul 30, 2020 5:14pm:
And how do you find out that value?
I believe the Town Hall keeps a database could be wrong about that. An Abogado should be able to find out easily prior to purchase. Or at any time.
For what it's worth I think it's a very unfair tax. It's not the buyer's fault if they find a bargain. It was brought in to stop escritura values being declared low with cash making up the balance of the purchase.
Steve
Popular topics
Properties near Torrevieja
Latest Taxes topics
Our sponsors
Register for free!
Login to your account
Popular posts in Torrevieja
