28 August, 2016
1 September, 2016
28 August, 2016
1 September, 2016

In INTIAA, we perform various operations of real estate sales in general. The sale of a home means that its protagonists, buyers and sellers, know and assume the payment of taxes such transaction takes implicitly.

Today we focus on the selling part or owners: Broadly speaking, who sell your home to pay the capital gain of Finance (income tax), the tax or municipal goodwill, cancellation of the mortgage (if there is a burden on housing) and expenses notary.

From INTI AA and, through this article, we want to help clarify the doubts generated by the tax known the “Municipal Capital Gains” and how it is calculated:
Resultado de imagen de plusvalia municipal ayuntamiento palma

  • Tax on the Increase in Value of Urban Land, popularly known as “municipal surplus” is a direct tax levied on the increase in value experienced by the urban land and is manifest as a result of the transfer of ownership land for any reason (sale, inheritance, gift …) or constitution or transmission of any real right of enjoyment, limiting the domain, on the said land.
  • The rural land are not subject to this tax.
  • This tax must be paid at City Hall in which is located the house is sold.
  • It is obliged to pay this tax the seller.
  • In the case of sale it is to be settled this tax in the 30 subsequent to the date of signing of deed business days (not computable Sundays or holidays).¿Cómo se calcula la Plusvalía Municipal?

Let’s look at a practical example of how the Municipal Tax on the Increase in Value of Urban Land, also known as a municipal capital gain is calculated. For practical course will use the situation of selling a house, apartment or building plot, being the most common cases.

Let us begin! To make the calculation previously we need the following data:

Resultado de imagen de plusvalia municipal

  • rateable land value: we can find it on the receipt of IBI or virtual office Real Estate Cadastre.
  • The number of years that have passed since we acquired the property.
  • The regulatory tax ordinance of the municipality in which the immovable property, where we have to look for two things be imposed: the rate of increase and the tax rate (both go in terms of years we have had owned the property).
  • Practical courseThe Ms. “A” bought in Palma de Mallorca, a detached to the developer “H” the 15-06-2000 day, for the price of 120,000 € housing. The house has an area of 150 m2 and 120 m2.In February 2012, she decided to put on sale and found a buyer, Mr. “B”. The sale is formalized in public deed on 25-05-2012 day, for the price of 150,000 €. On receipt of the IBI it has a rateable value of € 85,000 one floor and rateable value of € 36,000.

    The resulting settlement would be:

    Land value = 36,000 €

    Full = Years From 15-06-2000 to 25-05-2012 = 11 years

    Increase for years (see ordinance) = 2.70 x 11 years = 29.70%

    Taxable income = € 36,000 x 29.70% = 10.692,00 €

    Tax rate (see ordinance) = 26%

    Fee Tax = 10.692,00 € x 26% = 2.779,92 €

    Important: As you can see, the value of sale and purchase of housing is not taken into account for purposes of calculating municipal tax. Only it is taken for calculating the cadastral value of land.

    Our team INTIAA, want this article clearance any doubt one of the most feared when making the sale of a property by ignorance of the calculation performed to find the specific amount of the same tax.

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