OTHER TAXES FOR VENDORS-PLUSVALÍA
Mainly, the PLUSVALÍA, is a tax over the increase of the value of the land in which your property is, from the buying and the selling time. It is the sole tax that we are not in the position to calculate previously to the sale, because depends on specific criteria from the town hall. And only after completion they quote it in some municipalities.
In these cases, a retention from the buyer to the seller is enough to cover the payment of this tax. Overall when seller is leaving the country after the sale.
LAND REGISTRY INFORMATION
From September 2006, buildings or extension of buildings younger than 5 years will not be passed to the land registry.