Consultancy Capital Gains Tax on Land

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.

Who needs a Land Capital Gains Tax Consultancy?

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.

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.

Order Service

How do we do a Land Capital Gains Tax Consultancy?

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.

Order

Share with us your needs by filling out our form.
We will analyze your application, assign a technical team and request the necessary documentation.

Then we get started

Our technical team will contact you and arrange a date to visit the property and perform all the checks required by the laws, including registry records, occupancy status, development, cadastre, market and other checks.

Your value

Before you receive it, the property appraisal or valuation goes through a calculation process led by experts who specialise in the real-estate market and then a technical validation process run by Gloval to ensure the quality throughout the entire process and give you the best service possible.

Delivery

We will then send you the report and will remain at your disposal for any doubts you may have.

Frequently Asked Questions

What are retrospective appraisals?

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.

Which documents do I need to provide?

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.

Who is part of the qualified staff?

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.