11 September 2018 – Diario Sur
The autonomic coefficients that are applied to cadastral values to adjust them to market prices for the purpose of calculating Property Transfer and Property Succession taxes are going to be updated from 2019.
If you are planning to buy a property next year or if you acquire one as a result of inheritance or a donation, then it is quite likely that you will be hit by an increase in the two autonomic taxes linked to the real estate market (the Property Transfer tax and the Property Succession tax) given that the index that the Junta de Andalucía uses to set the charge is going to increase in 74 of the 103 municipalities in the province of Málaga. With the recovery of the real estate market as the main justification, the multiplying coefficients that are applied to cadastral values to adjust them to market prices (to reflect the performance of the sector) will increase by an average of 12.05% in the Andalucían province with respect to the values in 2017, according to plans compiled by the Ministry of Finance (…).
Málaga province leads the rise
According to the corresponding economic report, Málaga and Almería are the only two provinces where increases are expected to be seen in global terms (of 12.05% and 10.83%, respectively). Many of the other provinces in the autonomous region will be moving in the opposite direction, with decreases expected in Huelva (-13.19%), Granada (-12.41%), Córdoba (-8.32%) and Sevilla (-7.26%) (…).
Original story: Diario Sur (by Francisco Jiménez)
Translation: Carmel Drake