Transfer tax - re-assessment by Junta Andalucia - based on deemed value?

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20 Nov 2009 12:00 AM by Faro Star rating in London. 1139 posts Send private message

Anyone received a notification from the Junta de Andalucia (or other community) demanding additional transfer tax due by reference to their deemed value rather than the actual value?

For anyone confused let me explain.

The Spanish tax authorities have not heard of the recession and the impact that has had on property prices!

They say that you must declare a price at a certain multiple of the catastral or rateable value. This multiple varies from one area to the next and the impact is really felt where catastral values were revalued at the peak of the market. An example of an area badly affected would be Benalmadena who I think re-valued in 2006.

Anyone in Andalucia wanting to check acceptable values can do so by clicking on the following link: http://www.juntadeandalucia.es/economiayhacienda/apl/surweb/consultas/bienesUrbanos/valUrbana.jsp

All you have to do is look at your IBI receipt - enter your catastral value - select your province and localidad and that tells you the so called acceptable value for a property transaction for any year.

I would appreciate knowing if anyone appealed and if they were successful or not. If you don't want to post details then just PM me. I am not looking for any personal details other than to hear your experiences and how you got on. It's all research on the abuses of the Spanish legal and tax system.





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