Funds and real estate companies must now pay double taxes in Catalonia.
The property transfer tax has risen from 10% to 20%, and the tax has also been increased for the purchase and sale of second-hand homes worth more than €600,000.
BarcelonaIt was a commitment made by Salvador Isla's government, agreed upon with the Commons. And this weekend it came into effect: the property transfer tax (ITPi AJD), which taxes second-hand real estate and movable property transactions, is increasing for properties over €600,000 and for editions over €600,000. This increase is also true for entire homes and for home acquisitions by large holders, such as funds or large real estate companies. There are 271 municipalities with this regulation, including Barcelona. These increases were included in a decree from last March, ratified in May, and which planned to come into effect within three months, that is, as of last Friday, June 27th. It was 10% for properties up to one million euros and a second rate of 11% for higher prices. Now, a progressive rate proportional to the value of the property has come into effect. 900,000 euros, 11%; From 900,000 euros to 1.5 million, the rate is 12%, and from 1.5 million euros onwards, the rate is 13%. 200,000 euros were taxed at 20,000 euros; now they will have to pay 40,000 euros. The property is used as the corporate headquarters or workplace of the large holder, as well as when it is a natural person and includes a maximum of four homes, provided they are used as the primary residence of the holder or that of family members. But not all are increases. 32 to 35 years. And the same advantage is added for the purchase of primary residence by victims of domestic violence.
Therefore, it ends up putting further upward pressure on prices. The Association of Rental Property Owners (Asval) states that the introduction of measures that are "highly penalizing and complex to apply" generates a negative impact on the owner. Some concepts, such as the large holder, and other aspects.