Fiscal-Cadastral Value in Spanish resales
Understanding “Complementaria Letters” from the Spanish Tax Office: When You Buy a Bargain Property In recent years, it has become increasingly common for property buyers in Spain, especially those who have acquired properties at seemingly “bargain” prices, to receive unexpected letters from the regional tax office. These letters, known as “complementarias” which is a request […]
Increase of previous years Council Tax (IBI) for undeclared constructions
When you own a property in Spain, it’s crucial to ensure that all constructions, including any extensions or modifications, are properly declared to the Cadastre (Catastro), the official register of property for tax purposes. Failing to do so can lead to unexpected tax adjustments and financial liabilities, particularly when you decide to sell the property. […]
Tax on buildings-installations and works in Spain
The tax on constructions, installations and works (ICIO) is an indirect, municipal, voluntary establishment and management tax exclusively attributed to the municipality that establishes it. Taxable event The taxable event of the ICIO is constituted by the realization, within the municipal term, of any construction, installation or work for which the obtaining of a works […]