Do you have to pay «plusvalía» when selling with no profit?
A new contest giving much to talk is now added to Judicial battles over ground clauses and the costs of formalizing mortgages. The Spanish courts are grappling with the payment of “Plusvalía” (Council Capital Gain), a tax levied by municipalities on real estate sellers. Since the housing crisis erupted, which has caused property price declines of between 30% and 40%, the tax is being questioned.
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