Spanish Tax on Capital Transfers 2022 | Áurea Inmobiliaria – Real Estate Agency in Los Alcazares
Spanish Tax on Capital Transfers 2022
New way to calculate this tax from January 2022
Spanish Tax on Capital Transfers 2022? Today we want to talk about something that may interest you if you want to buy a property from the 1st of January 2022. From this date, a new reference value will come into force. This value will determine the taxes paid by buyers – as well as the taxes paid by heirs and those who receive a donation of a property.
As a buyer of a second-hand property this new meassure will affect you in the Spanish Tax on Capital Transfers. You will not pay the tax depending on the price of the house, but for its market value. The market value will be approved for the Cadatral General Management and it will be estimated through the final prices of the properties. It will not take into account if the property needs to be refurbished, if it is bought for a lower market value price… So the Tax Office will not have to confirm anything else.
As we already said, this new law will affect taxes on Inheritances and Gifts as well. About Gifts, this new reference value will not be the tax base, but the highest of the following values: the cadastral value, the determined or confirmed by the Administration or the price.
The new reference value is not the cadastral value we are used to, but the one that it is determined by the Cadastral General Management, estimated based in the price of the purchases and the cadastral characteristics of every property. This value will be determined every year simultaneously in every Spanish city.
The reference values will be available in the Online Cadastral Webpage in 2022, once that the procedure has been done. Besides, the applied elements could be seen as well.
If you have any kind of doubt in order to know the Spanish Tax on Capital Transfer or any other thing related to the purchase of your property, do not hesitate to contact us. We will be delighted to help you with all your doubts.
In our real estate agency in Los Alcazares, we have many properties for sale in Murcia.
Source: Idealista News