News: Spain´s Supreme Court blocks property tax hikes
Written by Inmo Investments - 4 Apr 2016
The Supreme Court in Spain has overturned one of the most controversial taxation policies exercised by the current Valencian regional government.
The system, approved by the previous governmental office in April 2014, allowed the Spanish tax authorities (the Departamento de Hacienda), to review and increase the stamp duty payable on a completed real estate purchase long after the transaction had been completed.
This was achieved by revaluing the property purchased above the price paid, enabling additional tax demands to be sent to thousands of property purchasers in Spain. The tax authorities had sent out more than 55,000 tax demands claiming additional stamp duty amounting to almost €72,000,000. Most of those affected chose to settle the tax demands, averaging at €1,300, but 18,000 buyers filed an appeal against the extra taxation.
One of those appeals came before the Spanish Supreme Court who dismissed the tax demand ruling it illegal. The court described the tax authorities' valuation procedure as “unorthodox and unrealistic", as the calculations were produced using questionable market data and statistics.
In the majority of cases an inspection of the property was not carried out, so the revaluation did not take account of important aspects of the property, such as the condition or the quality of construction. Further, the court judged that the current revaluation model actually used a combination of varying assessment methods, and therefore did not meet the criteria of being a “singular, generic and objective assessment method".
Salcedo Lawyers of Valencia, representing the appeal case, issued a statement “It is not acceptable to deceive the taxpayer by stating that an expert report requires the payment of additional stamp duty, when the expert has not even inspected the property. In reality, all he has done is to make minor adjustments to the value of the property using generic values obtained from statistics".
Apartment - New build - Puerto de Mazarron
Spain - Costa Calida - Murcia - Mazarron175.000€
Modern new build apartments in Puerto De Mazarron . The last remaining ground floor apartments offer landscaped gardens and sea views. Each apartment provides a large lounge/dining area, fully equipped open plan kitchen, two bedrooms, and two bathrooms. These apartments boast a heated communal pool area and gardens. The properties are sold with all necessary extras such as white goods, underfloor heating in both bathrooms, alarm, air conditioning with a unit included in the price,...70 34 3 2
Penthouse - New build - Las Ramblas Golf
Spain - Costa Blanca South - Las Ramblas295.000€
Modern new build apartments at Las Ramblas golf course, provide 2 double bedrooms and 2 bathrooms. Contemporary living and dining area with a fully equipped, open plan kitchen. Built to an exceptionally high standard, and penthouse models include a 76 m² solarium. The complex features a spacious communal pool and stunning gardens. All apartments are finished with top of the range extras such as automatic shutters in the living room, double glazing, kitchen appliances, alarm &...95 3 2
Apartment - Resale - La Florida
Spain - Costa Blanca South - La Florida98.000€
Top floor apartment for sale located on the prestigious Orihuela Costa, Los Almendros, La Florida. The property offers 74m2 of living space and comprises 2 bedrooms 1 bathroom, living room with air conditioning and separate kitchen. Outside space boasts an impressive solarium of 30m2 overlooking the sea. Sold fully furnished and key ready. Set on the Urbanisation La Concha, with gardens and swimming pool for residents. Great location with all amenities to hand including bars, restaurants,...74 2 1
Villa - Resale - Beachside
Spain - Costa Blanca South - La Zenia2.100.000€
Stunning luxury villa front line to the beach in La Zenia provides 5 bedrooms all with en suite bathrooms. This spacious property is decorated in an Arabic style with stunning features, a spacious living area, and kitchen. Outside boasts an impressive 1,336m² plot including a large private swimming pool, garden, terraces and solarium (all with sea views), as well as a garage with enough space for 3 cars. Situated next to the Blue Flag beach of La Zenia, only a 2 minute drive to the...316 1.336 5 5
Penthouse - Resale - Lomas del Golf
Spain - Costa Blanca South - Villamartin95.000€
Penthouse apartment, never lived in in popular Lomas de Golf urbanisation, located in Las Filpinas, Villamartin . All properties have never been lived in, and is offered in very good condition. The penthouse boasts 2 double bedrooms with fitted wardrobes, a full family bathroom, fitted kitchen and spacious living room with patio doors leading to a sunny balcony terrace. Additionally, the penthouses for sale boast a impressive private rooftop solarium for year-round sun with panoramic...67 30 2 1
Apartment - Resale - Playa Flamenca
Spain - Costa Blanca South - Playa Flamenca89.950€
South facing ground floor apartment for sale with a lovely large terrace on a corner plot with off road parking in Playa Flamenca . The apartment offers2 bedrooms and 1 bathroom lounge/dining room with access to the sunny patio garden and kitchen / utility room. The apartment has the use of a lovely large communal pool area. Its only a short walk to many bars and restaurants and its also in the heart of Playa Flamenca so its only 5 minutes in the car too the blue flag award winning beach...45 96 2 1
Villa - New build - Doña Pepa
Spain - Costa Blanca South - Ciudad Quesada265.000€
Stunning new build villas in the popular Doña Pepa area of Ciudad Quesada provide 3 bedrooms and 3 bathrooms. Modern, light and airy living/dining area with open plan kitchen. Outside space boasts a spacious garden, balcony terrace off the master suite and a private rooftop solarium, perfect for all year round sun! Situated close to all amenities and a 5 minute drive into Ciudad Quesada with plenty more neccessary amenities. The villas are due to be ready in October/November 2019 and...118 138 3 3
Villa - New build - Pinar de Campoverde
Spain - Costa Blanca South - Pilar de la Horadada245.990€
New development of 15 luxury villas in Pinar de Campoverde , near to Pilar de la Horadada with plot sizes available from 300 m². These lovely detached villas will be built to the highest standards in a modern contemporary design, with each villa offering 3 bedrooms with built in white lacquered wardrobes, 2 bathrooms, and an impressive bright and spacious lounge/dining room with an ultra modern open plan kitchen. The kitchen is delivered complete with white goods: fridge, oven, hob,...108 300 3 2