Spain Property Guide - January 2022 Issue 7
Buying property in Spain guide, read the number 1 overseas property magazine dedicated to Spain and is designed specifically for property buyers in the UK and Europe, Buying in Spain made simple providing readers the necessary information, interesting articles, and the latest property for sale. Find out more about the most popular places to live in Spain. If you're looking to buy a luxury villa in Marbella for retirement, or a holiday apartment by the sea in Costa Blanca then you will find hundreds of property listings at www.spainpropertyguide.com web portal with an easy-to-navigate search tool. Look out for the new weekly articles that include legal advice provided by the registered Spanish abogado from My Lawyer in Spain dedicated legal team. Advice with all that you may need to know about obtaining residency in Spain and the visa requirements to live and work in Spain. There are many benefits for you when registering to the Spain property guide web portal, you can save your search, share property details, and arrange a virtual video tour of your chosen Spanish property. You can also request a personal property finder, this service is dedicated to your exact needs and will save you time and can also save you money.
Buying property in Spain guide, read the number 1 overseas property magazine dedicated to Spain and is designed specifically for property buyers in the UK and Europe, Buying in Spain made simple providing readers the necessary information, interesting articles, and the latest property for sale.
Find out more about the most popular places to live in Spain.
If you're looking to buy a luxury villa in Marbella for retirement, or a holiday apartment by the sea in Costa Blanca then you will find hundreds of property listings at www.spainpropertyguide.com
web portal with an easy-to-navigate search tool. Look out for the new weekly articles that include legal advice provided by the registered Spanish abogado from My Lawyer in Spain dedicated legal team. Advice with all that you may need to know about obtaining residency in Spain and the visa requirements to live and work in Spain. There are many benefits for you when registering to the Spain property guide web portal, you can save your search, share property details, and arrange a virtual video tour of your chosen Spanish property. You can also request a personal property finder, this service is dedicated to your exact needs and will save you time and can also save you money.
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PLUSVALIA:<br />
value added<br />
tax for<br />
property in<br />
<strong>Spain</strong><br />
The ‘Plusvalia’ tax is one that every property owner<br />
and new buyer should become familiar with, as it is<br />
a tax applicable to any increase in the value of the<br />
land your property stands upon when it is sold to a new<br />
owner. It is important to note that the tax only applies<br />
to the value of the land, and not to the property on it.<br />
Furthermore, it only affects dwellings that are classified<br />
as urban, not those defined as ‘rustic’.<br />
Each municipality is responsible for collecting this tax<br />
themselves, although some of them may delegate<br />
its collection to their local Provincial Revenue Board.<br />
Either way, it is due within 30 days of the property being<br />
transferred to the new owner.<br />
WHO PAYS PLUSVALIA?<br />
In the case of a property sale, the seller must pay the<br />
tax. If the property is left as an inheritance, then the<br />
person receiving the property is responsible for paying<br />
it.<br />
HOW IS IT CALCULATED?<br />
Plusvalia tax is calculated by multiplying the tax base<br />
by the tax rate:<br />
a) The tax base is the increase in value that the property<br />
has experienced during the time it has been owned<br />
by the seller. This increase is calculated by multiplying<br />
the cadastral value of the property at the time of<br />
its sale by the annual rate set by each municipal<br />
council (with the maximum limit established by law).<br />
The calculation is based on whole years, not on<br />
fractions of years.<br />
b) The type of lien is the rate set by the municipal<br />
council, and there is a 30% limit established by law.<br />
22 l SPAINPROPERTYGUIDE.COM