Plusvalía - Archives

Nalog Nedvizhimost Ispania

New ruling signals the end of unqualified capital gains tax 

Translated, Capital Gains Tax in Spain is officially called the tax on the Increased Value of Urban Land (IIVTNU), but most commonly it is known simply as Plusvalía. By definition, the tax applies when you sell a property for a profit and have to pay a percentage on that margin. Yet for several years now town halls across the country have been charging it when there is no profit—or even a loss. A recent ruling by the Constitutional Court in Spain heralds an end to this practice.