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Can anybody tell me what this tax is.And who should pay it.
I have recently purchased an apartment,and am in dispute with my solicitor who has invoiced me for 1900 euro on a property costing 153,500 euro .
I was under the impression that the builder paid this tax to the local town hall.
Any help would be appreciated.
Ken
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Sounds like VAT that the buyer has to pay, but not 100% sure.
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Poppyseed
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Buyer will pay plusvalia just if he expressly agree on this. It is clearly stablished by last Consumers Act.
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Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Hi kennylynn
Plus Valia tax is based on the increase of rateable value from between the time the land was acquired, in this case by the developer, until point of sale. The onus is on the seller to pay this tax BUT it is not unheard of for the buyer to pay this, depending on what is stated in your sales contract.
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Regards
Sharon
sharon@tmasspain.com
www.themortgageservicegroup.com
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Hi,
We just sold an apartment in Torrevieja at a hefty loss and have been sent a plus valia bill from the town hall for 1,200 Euros. Our lawyer told us BEFOREHAND it would be LESS than 100 euros!! He has check the amount with the town hall & has been told it is correct. Anyone else come across this massive increase?
Mike
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Michael Lord
www.HealthandBeautyAbroad.com
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Hi,
We just sold an apartment in Torrevieja at a hefty loss and have been sent a plus valia bill from the town hall for 1,200 Euros. Our lawyer told us BEFOREHAND it would be LESS than 100 euros!! He has check the amount with the town hall & has been told it is correct. Anyone else come across this massive increase?
Mike
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Michael Lord
www.HealthandBeautyAbroad.com
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But you said you has lost money.. have not you?
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Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Hi,
Yes we have lost money on the sale, I have sent you a PM with more details, thank you.
Mike
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Michael Lord
www.HealthandBeautyAbroad.com
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