Last Tuesday, the Spanish Constitutional Court declared the system for calculating the Spanish tax on the increase in value of houses illegal. By declaring the system for calculating it null and void, this tax can no longer be paid.
It is a system that establishes that the simple passage of time produces an increase in the value of urban land, even if in reality the property had lost value.
On Thursday, the draft of the Constitutional Court's long-awaited ruling on the municipal capital gains tax was released, and all indications are that only those who had appeals initiated before the publication of the ruling will be reimbursed for the tax. Read more.
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