selling property – is the purcahase price based on the fiscal value or purchase

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of jp1 jp1 9 months, 3 weeks ago.

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  • #189582
    Profile photo of sharon
    sharon
    Participant

    we bought a property 2 years ago for 150 000 and then the tax Tax Office revised the fiscal value of the property price declared in the signed Title Deeds to 212 000, so we paid the additional 5000 euro tax bill.  we are now intending to sell, will our capital gains be based on the purchase price of 150 0000  or will it be based on the fiscal value ?

  • #189613
    Profile photo of jp1
    jp1
    Participant

    You made a capital profit when having bought only 2 years ago whilst still in a falling market???

    The sales value used for any capital gain calculation will be the value defined in the escurita, so in your case 150,000E

    • This reply was modified 9 months, 3 weeks ago by Profile photo of jp1 jp1.

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