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How to claim after buying a home if hidden defects appea
13th April 2022 -
How to claim after buying a home if hidden defects appear
12th April 2022 -
How to claim after buying a home if hidden defects appea
11th April 2022 -
The swift system and other financial sanctions on Russia: what they consist of and what their effects are
13th March 2022 -
The swift system and other financial sanctions on Russia: what they consist of and what their effects are
12th March 2022 -
Rustic land in Spain ages: only 10% of the owners are under 40 years old
11th March 2022 -
Spain needs 1.2 million rental homes to meet demand, according to Savills
10th March 2022 -
Spain needs 1.2 million rental homes to meet demand, according to Savills
9th March 2022 -
Spain needs 1.2 million rental homes to meet demand, according to Savills
8th March 2022 -
THE HOUSING LAW REACHES CONGRESS
7th March 2022
Treasury inflates home valuations and forces taxpayers to pay more taxes
29th April 2022What happens if the taxpayer decides not to claim
If the taxpayer is satisfied with the result and decides not to claim, the reference value of the Cadastre will become firm and must necessarily pay for it in the Property Transfer Tax or the Inheritance and Gift Tax, as the case may be.
However, we cannot forget that the new reference value also affects the Wealth Tax and that there is no specific way to challenge it. Therefore, they insist from Ático Jurídico, "if a taxpayer complies and does not resort to the reference value when acquiring the property, he could be forced to pay Wealth Tax for said value, in the future, the possibilities of challenge”.
This situation could be frequent in those autonomies where the Inheritance and Donations Tax is greatly discounted and the taxpayer does not want to resort because they would hardly get a saving in terms of taxation, but they must bear in mind that they may end up paying the fiscal invoice in the Tax on heritage year after year.