Plusvalía

Some few concepts for your clarification

1º) The plusvalía is a tax payable to the Town Hall by whoever sells a property, and it has to be paid within 30 days after signing the title deeds.

2º) The amount is based ONLY on the value of the plot (according to the Town Hall, not according to the price in the deeds), and the time the vendor has been the owner.

3º) The Town Hall can ONLY claim this money to the vendor, not to the buyer.

4º) In the past, when the buyers were anxious to buy a property under construction, as the vendor could not guess how much the plusvalía would be, they usually included in the contract tht the buyer will pay the plusvalía, whatever it was.

5º) So, the Town Hall will go against San Antonio Properties, sl, but since you have accepted to pay the plusvalía in your title deeds, you could be taken to court by San Antonio Properties.

6º) Usually, the plusvalía can only be paid when the Town Hall has issued the IBI values.

7º) The administrator was not aware that some of you had made provisional or on account payemnts for the plusvalia

Mario Bravo