LITIGATION

PLUSVALÍA CLAIMS

Did you have to pay plusvalía tax when you sold at a loss?

Did you know you could claim this tax back?

Plusvalía is a local tax levied on the vendor when selling a property. It represents the increase of value in the land and is paid to the local council. It is calculated using the rateable value of the property (cadastral value) and the number of years the proprietor owned the property before selling, donation or inheritance.  

After recent changes in the law, it’s now possible to claim back plusvalía tax payment in some cases. They depend on how the tax was paid and the timescale for payment. 

Prime Legal can offer you advice on your situation and help you reclaim this tax from the local council.

Contact us to find out how we can get your money back for you.

HOW TO CLAIM THE MORTGAGE EXPENSES

The first step is to try for an out-of-court settlement. Present your invoices to the bank and request a refund of the costs you paid. Note however, that banks are generally not refunding these expenses.

If your bank does offer you an agreement, it’s sensible to take legal advice before accepting since in many cases, the bank is obliged to refund a higher amount than that stated in the agreement.

If there is no agreement forthcoming, the only alternative is to take the bank to court. But don’t panic, it’s not nearly as difficult as it seems!

5 STEPS TO CLAIM MORTGAGE EXPENSES

  • Contact us for information

    We will ask you for the documents required and help you obtain any you don’t have. We will also explain your chances of winning the case and the steps to take. 

  • We will assist you

    We will assist you in obtaining power of attorney for us to represent you and your interests. Powers of attorney can be drawn up in Spain or in your home country (certain conditions apply). We then start work on your case. 

  • Contact your bank

    We, at Prime Legal, contact your bank to try to get an out-of-court agreement. 

  • take the case to court

    If we don’t manage to reach an agreement with your bank, we will take the case to court and sue your bank on your behalf. 

  • the court

    Finally, the court will hear the case and reach a decision.