There is hardly a term in Spanish legal language that is so misunderstood as the “plusval\u00eda”. It starts with the fact that the term plusval\u00eda is not found in the Spanish legal texts.<\/p>\n
The correct term is as follows: Tax on the increase in value of developed building land (“Impuesto sobre el incremento de valor de los terrenos de naturaleza urbana”).<\/p>\n
This is a municipal tax on the increase in value of land (but not of structures) since the last transfer. The plusval\u00eda is often confused with the seller’s income tax (“IRPF”). The state income tax is used to tax the profit made on the sale, i.e. the difference between the purchase price and the sale price according to the notarial deed of sale. The basis for calculating the plusval\u00eda, on the other hand, is the value of the land and the tax rates laid down in the municipal statutes.<\/p>\n
The plusval\u00eda is due on every transfer of ownership of a property that is subject to property tax ( IBI) and the maximum assessment period is 20 years. The plusval\u00eda also applies to inheritances and gifts, although most municipal by-laws in Ibiza provide for a tax reduction (“bonificaci\u00f3n”) of 95% in the case of inheritance from 1st order heirs (parents, children).<\/p>\n
The starting point for calculating the plusval\u00eda is the cadastral value (“valor catastral”), which can easily be read from the last property tax assessment. The cadastral value is divided into the value of the land (“valor del suelo”) and the value of the superstructures (“valor de construcci\u00f3n”), both values together make up the cadastral value. In Ibiza City, the cadastral value was last increased significantly in 2012. In order to prevent property owners from being surprised by this drastic increase from one year to the next, the tax is calculated on a base liquidable, which increases each year. In the tenth year of the increase, the cadastral value is then used in full for taxation (in Ibiza City in 2021).<\/p>\n
In simple terms, the value of the land is multiplied by a factor to be defined by the municipality, depending on the number of years since the last change of ownership of the property. This results in a corresponding tax base, which in turn, by applying a municipal tax rate, results in the tax liability. An example from the municipality of San Josep will illustrate the principle: The value of the land is 13.642,79 \u20ac, 20 years have passed since the last transfer, the coefficient of the municipality of San Josep is 2,2 %, the tax rate is 20 This results in the following calculation examples: 2.2% of 13,642.79 \u20ac = 300.14 \u20ac X 20 years = 6,002.83 \u20ac, of which 20% = 1,200.57 \u20ac plusval\u00eda must therefore be paid.<\/p>\n
The plusval\u00eda is by law to be paid by the seller. Occasionally the seller tries to charge it to the buyer, although Spanish case law has ruled that it is not permitted to transfer the plusval\u00eda to the buyer. It therefore makes sense to explicitly impose payment of the plusval\u00eda on the seller’s side in the contract. All notaries are obliged to inform the municipal administration of the recorded deeds which could be subject to the plusval\u00eda. According to a decision of the General Directorate (BOE 26 January 2018), it is necessary for the municipality to confirm receipt of the notarial deed to the notary. As the municipality does not normally carry out any transactions, it is now all the more important that the parties in turn notify the municipality of the transfer process within 30 days of the notarisation. For some years now, land registries have only been allowed to make entries of changes in the law if at least the application for settlement of the plusvalia has been submitted to the relevant municipality.<\/p>\n<\/div>
Die Inhalte dieses Beitrags stellen lediglich eine generelle Information und in keinem Fall eine rechtliche oder fachliche Beratung dar. Weder die herausgebende Kanzlei IBIZA-LEGAL <\/b><\/a>noch deren Mitarbeiter \u00fcbernehmen in irgendeiner Art Verantwortung f\u00fcr m\u00f6glicherweise in Zusammenhang mit der Nutzung der Inhalte der Seite auftretende Nachteile oder Sch\u00e4den.<\/p>\n Die Kanzlei IBIZA-LEGAL <\/b><\/a>\u00a0\u00fcbernimmt ebenso wenig Verantwortung f\u00fcr die Inhalte anderer Webseiten, welche durch Links oder auf andere Art und Weise mit dieser Webseite verbunden sind. Die Einbeziehung von Links zu anderen Webseiten auf dieser Seite bedeutet weder eine Genehmigung noch ein Einverst\u00e4ndnis mit den Inhalten dieser Webseiten, noch das Bestehen irgendeiner anderen Verbindung zwischen der Kanzlei IBIZA-LEGAL und den Inhabern dieser Beitragsseite.<\/p>\n Die Kopie, Vervielf\u00e4ltigung, Wiedergabe, \u00dcbertragung, der Vertrieb oder die Ver\u00f6ffentlichung der Inhalte dieser Webseite sind ohne die vorherige ausdr\u00fcckliche Zustimmung der Kanzlei IBIZA-LEGAL <\/b><\/a>\u00a0untersagt. Die Wiedergabe und zeitliche vor\u00fcbergehende Speicherung der Inhalte dieser Webseite sind insofern gestattet, wie dies f\u00fcr die Nutzung und Kenntlichmachung der Webseite von einem Personalcomputer aus erforderlich ist.<\/p>\n