18 Nov 2010 6:59 PM:

Thanks for this Roberto.

So IIVTNU and Plusvalia are not the same thing? They appear to be the same thing on Suma's website.

People have advised me that the Plusvalia is usually a few hundred euros but our lawyer has told us it wil be over €4,300. This is based on a very high cadastral value by the town hall. It seems ridiculous that the town hall is not forced to work with current valuations rather than 6 year old valuations:

Cadastral value of the land: 51.497,15 €
Number of years of ownership: 8 years
% of ownership: 100 %
COEFICIENT: 3,5 %
Tax Rate: 30 %

51.497,15 x 8 x 100% = 411.977,20 x 3,5% = 14.419,20 x 30% = 4.325,76 €

 They also advised there is no way of challenging this. Does anyone know any better?
Thanks

Stephen

 

This message was last edited by ste_barrett on 18/11/2010.
Thread: Plusvalia who pays?

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18 Nov 2010 2:29 PM:

My parents who are non resident are selling their flat. The Plusvalia is a joke as it is based on land value set by the town hall in 2004. I did find this 'Frequently Asked Question" at Suma's website...Suma is a public body concerned with tax collection in Alicante...

Q. I have bought a house from a foreigner and I have been asked to pay IIVTNU [Transfer Tax]. I do not agree with this because in transfers for good and valuable consideration it is the vendor who is considered to be the taxpayer.

A. In property purchases and sales, where the seller is a physical person who does not reside in Spain, the buyer is the person who must pay the IIVTNU.

 

Anybody heard of this for foreigners before?

Thanks
Stephen

Thread: Plusvalia who pays?

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