Reply To: Lost in Translation.. A simple tax question

#82427

Anonymous
Participant

As said above, for WEALTH tax you have to use the higher of the escritura/catastral value anyway.
For IRPF/RENTA you have to use your escritura value in the absence of a valor catastral. If there are 2 owners then, using the figures you have given, this will only result in paying an extra 168ish euros each, which some might say, seeing as you are in the fortunate position of owning multiple properties, isn’t much to be worrying about!
Valor catastrals are being revised upwards so are gradually coming into line with declared values anyway and from next year, no wealth tax!