Reply To: extra transfer tax 4 years later

#225312
tomar
Participant

After 4 years the right of the administration to claim the tax prescribes. So, they have 4 years from the last day to pay the Transmission Tax (Impuesto de transmisiones) to claim. Due this tax has to be paid within 30 days after the purchase, they have 4 years and 30 days.

Law says you have to pay based on the “real price” of the property. This is not the price you paid or the market price.

Now you have the right to appeal against this extra liquidation and try to prove price you paid was right. As you know tax authorities don’t visit the property to check, they just use the Cadaster to find out the “real ” price. But may be you can demonstrate the status of the property was poor so, price was low.

Junta de Andalucía, as happens in  many others Communities , has a web page were you can make a simulation of the valuation of the property 

I’m agree the best you can do now it’s pay in order accrue further interest. But you can pay “ad cautionem” and after that claim it back in a process called “Devolución ingresos indebidos”

 

TAXES AND EXPENSES OF BUYING A PROPERTY IN SPAIN

  • This reply was modified 3 years, 1 month ago by tomar.