The government approves this Monday the new surplus value with two calculation routes

The Council of Ministers will approve this Monday the Royal Decree-Law that will adapt the Municipal Survey Tax to the judgment of the Constitutional Court and

The government approves this Monday the new surplus value with two calculation routes

The Council of Ministers will approve this Monday the Royal Decree-Law that will adapt the Municipal Survey Tax to the judgment of the Constitutional Court and that it will allow taxpayers to choose between two methods of calculation the one that benefits them, according to Hacienda Sources .

With the new tax, it will be "guaranteed that no one who makes a sale to losses will have to pay," they assure from the ministry.

The tax on the increase in the value of land of urban nature, a local tribute known as municipal surplus value, gravel the revaluation of real estate based on a methodology that the CT has considered unconstitutional.

In its judgment on October 26, TC annulled several aspects of the tribute - which is paid when someone sells, donates or inherits a home - by virtue of which we always had to be paid, regardless of whether a real increase had occurred of value and the quota could be excessive.

With the modifications that will be approved, the quota can be calculated by the cadastral value at the time of the transfer, with new coefficients that will set the ministry and that will reflect real estate reality, or by another option that will be to assess the difference between value of purchase and sale, as the country advanced and has confirmed Hacienda.

"It is about launching a solution that allows the tax to be constitutional and that the municipalities can continue to be charged. That was the commitment that was acquired and what is going to be done," they emphasize from the ministry.

The Minister of Finance, María Jesús Montero, already advanced this week that would lead the Council of Ministers "A legal text to correct elements that would have declared unconstitutional", with the aim of giving "tranquility and security" to taxpayers and guarantee funding From local entities, which are the ones that receive the resources of this tax.

Updated Date: 08 November 2021, 05:48

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