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What
is the plusvalia tax in Spain?




























 







The
Plusvalia Tax is a capital gains tax The local authorities
determine the amount of plusvalía to be paid for each house purchase in
Spain, depending on the area where the property is located, and on the profit
being made on the sale according to the difference between the property value
stated in the deeds of the house prior to the sale, and the price stated in the
contract for the current sale.
Infact in the past
the parties involved in the sale or purchase of the property look for ways to
reduce the final amount, by putting one figure on the sales contract and by agreeing
on another and so avoid paying a large plusvalía. For this reason the real
value of most property in Spain bears little relation to the value as stated in
the deeds. However the authorities are starting to make it more difficult to dodge
taxes this way and what used to be a straightforward tax ploy is no longer quite
as easy and certainly not recommendable.
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