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Spanish court rules ‘plusvalia’ invalid on sale of devalued property

The Administrative Courts in Spain have begun to annul the ‘plusvalia’ taxes on properties where property values have either devalued or remained static. This will mean that vendors of these properties should not have this tax levied when selling or on transmission of their homes.  According to the town halls, when selling a property at

Saving tax on foreign company owned property

Property tax on foreign companies that own a property in Spain to be abolished

The Spanish government is proposing to abolish a tax that is currently levied on foreign companies owning property in Spain in order to attract more investment from abroad. The tax currently stands at 3pc per annum of the company’s holdings in Spain. The change in the law, currently going though the Senate, is expected to