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DIFFERENCE BETWEEN VACATIONAL AND SEASONAL RENTAL
24th February 2023 -
DIFFERENCE BETWEEN VACATIONAL AND SEASONAL RENTAL
23rd February 2023 -
DIFFERENCE BETWEEN VACATIONAL AND SEASONAL RENTAL
22nd February 2023 -
DIFFERENCE BETWEEN VACATIONAL AND SEASONAL RENTAL
21st February 2023 -
HOW THE CADASTRAL REFERENCE VALUE AFFECTS THE SALE OF THE HOME AFTER A DIVORCE OR INHERITANCE
20th February 2023 -
HOW THE CADASTRAL REFERENCE VALUE AFFECTS THE SALE OF THE HOME AFTER A DIVORCE OR INHERITANCE
19th February 2023 -
HOW THE CADASTRAL REFERENCE VALUE AFFECTS THE SALE OF THE HOME AFTER A DIVORCE OR INHERITANCE
18th February 2023 -
IT IS POSSIBLE TO RECTIFY THE EQUITY GAINS IN THE IRPF ONCE THE INCOME CAMPAIGN IS FINISHED
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Spain, fourth most attractive European country to invest in 2023, according to CBRE
16th February 2023 -
THE BANCO DE ESPAÑA ASKS THE BANKS NOT TO GENERATE FALSE EXPECTATIONS IN THEIR RECORD CAMPAIGNS
15th February 2023
Treasury inflates home valuations and forces taxpayers to pay more taxes
25th April 2022Treasury inflates home valuations and forces taxpayers to pay more taxes
Cadastral valuations in many cases exceed the value stated in the deeds by more than 60%, which affects taxes such as the ITP.
Since last January 1, the new reference value of the Cadastre is the tax base for taxes as important as the Property Transfer Tax (ITP), Documented Legal Acts (AJD) or the Inheritance and Gift Tax (ISyD). In other words, it is the key to determining how many taxes must be paid for the purchase, inheritance or donation of a used home.
The Government included this change in Law 11/2021 on measures to prevent and combat fraud, approved last summer, and in its first months of operation it is already having a direct and negative impact on taxpayers: it is causing a sharp rise of real estate valuations and, therefore, increasing the tax settlements that taxpayers must make.
According to the newspaper El Economista, many Treasury appraisals are exceeding the value that appears in the deeds by more than 60%. In some cases, the 'new' treasury appraisal even doubles the deed value. Some numbers that put on the table the tax blow that experts in tax matters have advanced so much since the Government approved the regulations.