The keys to the transfer of real estate ESSENTIAL DETAILS TO TAKE INTO ACCOUNT We can find a huge amount of information on how we can correctly transfer a property.But for us, reviewing the taxation linked to the transaction, before the transaction, is fundamental, because it can affect (and a lot) the final result. Taxation … Read more
Discover the changes in the real estate taxation NOVEDADES EN LA FISCALIDAD DE LAS ADQUISICIONES INMOBILIARIAS We analyse the changes in the taxation of property acquisitions subject to the following taxes: On Property Transfer and Stamp Duty. On Inheritance and Donations On Wealth. The Treasury, through the General Directorate of Cadastre, determined, with effect from … Read more
Find out all the details about the Benchmark Value NEW REFERENCE VALUE The Treasury, through the General Directorate of Cadastre, determines with effect from 1 January 2022, a new value, apart from the cadastral value, called “reference value”. In 2022, it only affects residential real estate and rustic real estate without construction. It is expected … Read more
Calculation of rustic IBI Calculation of IBI rustic and optimisation of the taxation of the tax Article 21 of Royal Legislative Decree 7/2015, of 30 October, which approves the revised text of the Law on Land and Urban Rehabilitation, establishes that all land is in one of two basic situations: Rural land. Urbanised land. However, … Read more
The Real Estate Tax Gap in Spain differences in the payment of ibi depending on the place of residence In this article we discuss the differences that exist in IBI depending on where you live. Property tax (IBI) is a compulsory tax for any property owner in Spain. This local tax is managed jointly by … Read more
How the revision of the cadastral value will affect the coming year How the revision of the cadastral value will affect the coming year At present, a total of 39,392,008 urban real estate properties are registered in our country, not including foral territories, whose cadastral value amounts to a total of 2,369,059 million Euros with … Read more
Reference value: What it is and how to optimize it Definition of the reference value On January 1, 2022, the Treasury, through the General Directorate of Cadastre, determined a new value, apart from the cadastral value, called “reference value of the cadastre” and the parameters by which the new values of 2023 will be assessed … Read more
Avoid inflated local tax rates characteristics of the business tax We detail the main characteristics of the tax on economic activities, a direct tax whose taxable event is constituted by business activities. Although the regulation of the management, qualification of activities in tariffs and instruction is state, this does not imply that an activity has … Read more
New developments in transfer taxes CHANGES IN THE WAY THE TRANSFER TAX IS LEVIED Until the reform of October 2021, this tax was calculated by multiplying the cadastral value of the land on the date of the transfer by the number of years of permanence of the same in the assets of the transferor and … Read more