Re: Re: The Problems Caused By Under-Declaration

#115576

zenkarma
Participant

@itsme wrote:

And I thought that they had redone all the catastral values recently as well? Isn’t that really the ‘official’ value of a property?

They’re in the process of revaluing the valor catastral, some have been done and some are yet to be done.

The valor catastral is the rateable value of a property and land it sits on and is not a reflection on any assumed market value. It’s used to calculate IBI, rubbish collection, plusvalia and non-resident taxes. It is not used for capital gains tax calculations!

I repeat it is not a assessment of the ‘offficial’ or market value of a property.