Consultancy on Capital Gains Tax on Land

Advice on how to save money with the Capital Gains Tax.

What is our Consultancy service for Capital Gains Tax on Land?

Opposing expert valuation to claim values for the Capital Gains Tax on Land.

The local Capital Gains Tax is a tax on the value increase of an urban land (IIVTNU) to be paid by the seller when they transfer the property or, if it is a donation or inheritance, by the person who receives it. The capital gains tax is applied to the value increase experienced by the urban land between its purchase and its sale. The Public Agency usually calculates this value by applying positive coefficients to the cadastre value of the land and dividing it by the tax period.

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Who needs it?

When there hasn’t been a value increase of the land between its purchase and its sale.

During a recession or crisis in the real-estate market, property prices drop dramatically, as we have witnessed in the past fifteen years. It may be that we purchased a property when prices were on the rise but are transferring it during a crisis, so the land value will not have increased. Therefore, the Public Agency may have estimated the wrong tax base. In order to justify the absence of a value increase, you will need an expert appraisal that will prove that the land has not experienced an increase in value.

gloval What makes Gloval different?

A wealth of accurate information on the past trends in land value.

We have a database of past valuations and market information that allows us to know and accurately justify the different land values over the past 30 years. Our experts’ qualifications and knowledge of the real-estate market and appraisals make us the leading company in preparing these experts’ reports.

How do we do it?

We analyse the viability of an appeal with past market data.

Once we have studied the viability of each case, as experts in real-estate appraisals, we compare the information provided with our own data from the past. Through retrospective appraisals, we add value to the expert’s report and justify the absence of a value increase on the land. This expert’s report serves as evidence to support the appeal filed.

1. Analysis

We meet with the client to discuss the specific needs in each case.

2. Order

The client orders the services and accepts the quote.

3. Report

We gather information, examine it if required and prepare the report.

4. Delivery

We sign-off and deliver the report to the client.

Frequently Asked Questions

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Retrospective appraisals are appraisals done today to establish or find the value of a property at some point in the past. To do this, we use different techniques, either by gathering information and the value of other properties at that point in the past, or by adjusting the value based on the rates of price variations over time.

In this sense, GLOVAL has over 30 years’ experience in appraising property, which makes us a leader in this industry and lends us more credibility in establishing retrospective appraisals.

To prepare our report, we need the Property Deed. It’s also convenient to have the Tax Agency claim with their value for the different dates. Any document that proves that the land hasn’t increased its value between its purchase and sale.

To prove the value of a property between two dates, we need reliable and comparable market data at each juncture. In this regard, given the experience and volume of all the appraisals done by GLOVAL we have this information. The qualified staff who is devoted to preparing this type of appraisal reports depending on the type and use of the property is made up of architects, architectural technicians, construction engineers and agricultural engineers.

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