igher Cadastral Value than Buying Price

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  • #192925
    Profile photo of JB

    Hi, We bought out apartment in Spain in 2014, during the buying process the cadastral value was revised, which meant we paid 5,666 euros more on the 8% transfer tax. The cadastral value is now 179,000 euros but we only paid 114.000 euros. All our taxes ( IBI etc. ) are based on the cadastral value, is this normal?. Also how will this affect the sale of the property? We were hoping to sell for around 160.000 – 170.000 euros ( to include the 3% retention tax ) .

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