The payment of the Capital Gain Tax on urban land and property ("plusvalía") is due upon real estate property transfer (flat, house, parking place, business office, storage room...).
The increase in land value is calculated since the date of acquisition of the property until the date of transfer to the new party.
30 working days as of the date of transfer or donation, 6 months in case of inheritance. Once this period as elapsed, no automatic payment nor bank payment will be applicable.
The Internet gives you the chance to calculate the capital gain value of the real estate property to be transferred for mere informative purposes. For successful calculation, you need to provide the following data: street name and number, the property's fiscal land register reference number, date of the current property transfer and date on which the property was last transferred.
If you wish to make full automatic payment you need to present the public deed.
Instructions to accomplish the process:
In order to fill out the form, you need to enable the Javascript function in your browser first. In case you do not know how to enable this function, please consult the documents or help function of your browser.
Should you have any question or queries, please contact the Department for Capital Gain Tax of the Town Council of Palma.
The passive subject or its representative. The representative must always be of the passive subject.
In the case of donations, the passive subject is the party receiving the property. In case of purchase-sale, the passive subject is the seller or person making the transfer.
In case of a purchase-sale, if the seller or person making the transfer is a natural person not living in Spain, the Capital Gain Tax must be paid by the party purchasing the property.
Capital Gain Tax on urban land and property payment:
