The Value of Your Property in Spain
Spain has three value concepts:
The valor catastral is listed on the receipt of the local rates (Impuesto sobre Bienes Inmuebles - IBI)
The market value is almost always higher than the Title Deed value.
It happens often in Spain that sellers of existing homes are trying to convince buyers to reflect a lower value in The Title Deed as sellers want to receive the difference in cash.
As a buyer it is not always wise to reflect a lower value in the Title Deed. It can affect your Capital Gains in the future and this means that you may pay more tax.
If you want more information about taxes for your property or if you would like us to contact you, please use our contact form.
We will respond as soon as possible.
You can also call us on 34 965 638 028.