It is indeed Spurs, I quote;
The plusvalía is a local (municipal) tax charged by the town hall on properties when they are sold. It is calculated on the rateable value of property and the number of years that have passed since the property last changed hands. The objective is to tax the increase in the value of the land on which the property stands, some of which is due to improvements to the area carried out by the local government and the community at large. End of quote.
There is a lot of controversy surrounding it at the moment with the large number of folk selling at a loss or marginal profit.....a handful of people have won court cases to reclaim the tax when they have sold at a loss......Town Halls don’t want to give up a valuable source of income however and are prepared to fight to keep it.....the worry for me if I ask my lawyer to chase it is do legal costs eat a big hole in and make it a waste of time....hence the no win no fee route
I’ll have a chat with her when I see her.
Bloody annoying
Regards all
John
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