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.