Property in Spain | Plus valia tax in Spain
The Plusvalia Tax is set by the local authorities and based on the increase of the value of the land from the date the owner acquired the property to the time of the present sale.
The local authorities determine the amount of plusvalía to be paid for each house purchase in Spain, depending on the area where the property is located. The tax is calculated according to the ratable value of the property and the number of years it has been in the ownership of the vendor. The market value or sales price of the property does not have an effect on the plusvalía tax.
Normally, but not necessarily, the seller pays the plusvalía tax. However, this will depend on the sales agreement.
| Other useful links | |
| Latest news on the property market in Spain Selection of news articles related to the real estate market here. | |
| Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain | |
| Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks. | |
| Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain. | |
| Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too. | |
| Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain. | |
| Spanish lawyers - information on lawyers fees in Spain for property transactions | |
| Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board. | |
