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Supreme Court Rules ‘Plusvalia’ Calculation “Impossible to Apply”

In a recent ruling against the City of Cuenca’s suggested formula to calculate municipal taxes or Plusvalia payments on property transactions, Spain’s Supreme Court settled the matter in an interesting manoeuvre. In September 2010, the City of Cuenca suggested for the first time that a taxpayer could self-liquidate municipal taxes by using a calculation formula […]

TOP FIVE FIXED-RATE SPANISH MORTGAGES

Fixed mortgages have revolutionized the housing market, putting their variable rate rivals in the shade in less than a year. The latest data from the Spanish statistics office, the INE maintain that 4 out of 10 completed mortgages are now linked to a fixed interest rate, which is an historical high. Experts have been keen […]

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