The municipal added value in Blanes. How it is calculated

La Municipal surplus value and its calculation in Blanes (Costa Brava), a tax that all owners must pay when they have to sell their flat, house, apartment or other property they have. If your query about the municipal capital gains tax It is because you are in the process of buying and selling a property, our advice is that you seek advice from an experienced professional such as a experienced notary.

What is the municipal capital gains tax?

This is a tax that is applied when the value of urban land increases. It is a tax of direct calls and optional by the municipality. This means that a municipality can decide whether to apply it or not.

It is considered to be one of the main sources of tax collection in many municipalities. The capital gain is applied when a property is transferred, even if it is a free transaction.

How is this tax calculated?

At calculation of capital gains There are four concepts:

• El Cadastral value of the land on which the property is located.
• The years that have passed between the transmission that has to be taxed and the immediately preceding one.
• The coefficients approved by the City Council of Blanes (for periods of 5 years, up to a maximum of 20). These coefficients make it possible to objectively calculate the increase in land value in this municipality on the Costa Brava.
• The tax rate approved by the City Council of Blanes.

Here you will find tax information capital gains and others in the town hall of Blanes, data of interest, documentation, calculation simulator… Etc.

Capital gains on an inheritance and other transfers

• Capital gains on inheritances. In an inheritance It is the heir who must bear the capital gains tax.
• Capital gain on the sale. The selling party is the one who must pay the municipal capital gains tax.
• Capital gain on donation. In a donation, the person who receives the property is the one who must pay the tax before the town hall where the property is located.

Deadlines for tax payment:

In this tax, payment must be made within 30 business days from the official date of transmission reflected in the notarial act.

When it comes to an inheritance, the period increases to six months from the date of death, extendable for an additional twelve months if a written request is submitted within the first six months.

The Constitutional Court and capital gains

In ruling 59/2017 of the Constitutional Court, articles 107.1, 107.2 a) and 110.4, belonging to the consolidated text of the Constitution, are declared null and unconstitutional. Regulatory law of local treasuries, in the sole case of: «to the extent that situations of non-existence of increases in value are subject to taxation».

Municipal capital gain in Blanes

The amount to be paid is calculated by applying the part of the land value of the transferred property, the number of years in which the property has been owned by the transferor, a coefficient determined in the tax ordinance, and the applicable tax rate set by the Blanes City Council.

In rural areas of India, families in charge of a blind minor frequently isolate and deprive him/her of the care and attention they provide to their other children; such situation becomes even more severe among lower-caste families, orphans and if the blind child is a girl. transfers in cases of death, the taxpayer of the Tax, will be able to enjoy a tax credit. The transmission must affect his habitual residence in which he habitually resides and where he is registered.

In this case, the request must be submitted from Tax Rebate on the increase in the value of urban land. The settlements that result in a zero quota will be communicated in the same way.

A related topic that you may be interested in is: How can you turn your home into your retirement pension? The reverse mortgage.

It is important to have the support of tax advisers When buying or selling a property it is important to know the taxation of that transfer, for this reason it is important to take tax planning into account, in order to reduce tax expenditure as much as possible and the tax savings.

Tax planning consists of the set of all those actions aimed at maximizing savings in the payment of taxes within the legal-tax framework, it is an efficient way to reduce the taxes to be paid.

The notary in the sale of a property

The notary is an official who makes all types of documents public and ensures that current legislation is complied with. His presence is not mandatory when buying and selling a home, but it is essential when signing your mortgage.

In these moments when we'll be wondering who pays the notary in a sale. According to the Civil Code. The expenses of granting deeds will be paid by the seller. Those of the first copy and after the sale will be at the buyer's expense, unless otherwise agreed.

In addition, article 1455 of the Civil Code establishes that the costs of writing, in which the presence of a notary is necessary, must be assumed by the purchasing party. Notarial services have a price regulated by law. They can vary between €600 and €875, depending on the home and its location. Finally, it should be noted that it is very important to add that if there is a sale of a garage space, the notarial expenses are assumed by the buyer.