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Dénia City Council modifies the capital gains tax tax ordinance to adapt it to state regulations

16 March 2022 - 11: 53

The City Council of Dénia has agreed this morning, in an extraordinary plenary session, the provisional approval of the tax ordinance regulating the tax on the increase in the value of urban land, with the votes in favor of the PSPV y Compromís, abstaining from Gent of Dénia and vote against PP and Citizens. The tax ordinance has been modified, as explained by the councilor for the Treasury, Paco Roselló, to adapt it to the new state regulations, modified to November 2021.

Roselló explained that the main updates lie in an increase in the tax rate for transactions produced between 0 and 5 years of property ownership, since they are considered speculative. In these cases, the tax is set at 30%. For transactions with goods from 6 to 20 years or more, the tax is 28%.

The second issue highlighted by the councilor is that the City Council will apply a discount of 95% of the full share of capital gains tax in cases where the property that is transferred is the habitual residence.

1 Comment
  1. Cesar Pino Dominguez says:

    In other words, the tax goes up. THAT IS ADAPTATION.
    Don't beat around the bush. Good afternoon.


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