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WILL or LIVING DONATION, WHAT IS MOST RECOMMENDED FOR YOU?
25th November 2021 -
WILL or LIVING DONATION, WHAT IS MOST RECOMMENDED FOR YOU?
24th November 2021 -
WILL or LIVING DONATION, WHAT IS MOST RECOMMENDED FOR YOU?
23rd November 2021 -
WILL or LIVING DONATION, WHAT IS MOST RECOMMENDED FOR YOU?
22nd November 2021 -
MUNICIPAL GOODWILL
5th November 2021 -
MUNICIPAL GOODWILL
4th November 2021 -
WHEN IS THE MUNICIPAL GOODWILL TEXT APPROVED?
3rd November 2021 -
MUNICIPAL GOODWILL
2nd November 2021 -
THE PRICE OF USED HOUSING JUST MOVES IN AUGUST, DOWN 0.1%
18th September 2021 -
WHAT IS COHOUSING THE ALTERNATIVE TO TRADITIONAL HOUSING
17th September 2021
HOW THE CADASTRAL REFERENCE VALUE AFFECTS THE SALE OF THE HOME AFTER A DIVORCE OR INHERITANCE
20th February 2023REAL ESTATE, NEXUS GROUP, INFORMS.
What happens in the event of the sale of part of the house in the ITP.
That a co-owner stays with the home and, due to a cadastral reference value higher than the market, there is an excess of adjudication, if it can have consequences in the ITP:
The law contemplates that the excess allocation must be declared by the taxpayer, due to a cadastral reference value higher than the market.
However, the taxpayer may avoid the taxation of said excess allocation, if he proves that said excess was unavoidable. In other words, it was not possible to carry out a distribution of assets that respected to a greater extent the equivalence in the adjudications.
However, when the inevitability of the excess allocation cannot be opposed, the taxpayer will have to pay for it. And, in this situation, the only option for him to avoid said taxation, will be to fight the reference value of the Cadastre. This, through the rectification of self-assessment, or appealing the assessment notified by the Administration, to cancel such value and ensure that the values declared in the operation prevail.
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