Plus Valia is a local tax calculated as a percentage of the difference in the increased value of the property from when it was last sold. The calculation is based on the rateable value, not the real value of the property and is a one time payment charged when a property changes hands. Each town hall defines the percentage and it varies according to municipality. Not all town halls enforce Plus Valia; although legally it is the responsibility of the vendor, it used to be customary for the purchaser to pay the tax. However, it is now becoming increasingly common for responsibility of the tax to lie with the vendor.
A tax on the increase in value of the property since it last changed hands, for which the vendor should be liable
Municipal tax on property sales
municipal capiatal gains tax on property
Tax levied on the increased in value of a property.
A local tax, usually paid by the vendor, calculated as a percentage of the difference in the increased (rateable) value of a property since it was last sold.
Local tax raised on the sale of a property based on the % increase in value since the last change of ownership. Generally in Spain paid by the vendor, although in Mallorca it is customary for this to be paid by the purchaser
A type of Capital Gains Tax charged by the local Town Hall on the sale of a property. Based on the increase in the value of the land only since the time of the last sale.