Treasury confirms bad news for Catalans who own a house or property

People who want to leave their homes next year will be affected by the Government's new measure. The 2023 Budget project includes an increase in municipal capital gains that can reach up to 50%. There will be a review of the coefficients when calculating this tax.

Last October 26, the courts took it upon themselves to annul this tax. However, the Treasury urgently replaced it with another through a Royal Decree Law that came into force on November 10. This rule determined that the coefficients will be updated annually. In the new scenario contemplated by the Fisc, important modifications can be seen in some exercises. The increase reaches up to 50% for homes that were bought between 2012 and 2015, and that are sold in 2023.

  1. How will this increase affect the pocket of the owners?
  2. There are also some reductions in capital gains

How will this increase affect the pocket of the owners?

Whoever has to bear this tax will appreciate how there is a significant difference between paying it this year and the next. In the case of a property acquired in 2013 and transferred in 2023, the quota would increase by 25% due to the updating of the coefficients.

A Popular voice they give several examples to understand this new scenario. In a home bought between 2012 and 2013 and sold in 2022, a coefficient of 0.10 will be applied. However, if it was acquired between 2013 and 2014 and transferred in 2023, the coefficient will reach 0.15, which therefore implies an increase of 50%.

In the case of a property bought between 2012 and 2013 and sold the following year, this coefficient will be 0.12. Therefore, the increase will be 20%. However, if it was acquired one year later and sold in 2022, the percentage is 0.12, and if sold in 2023, 0.14. In this case, there is an increase of 25%.

Photo of 50 euro banknotes.

| Getty Images

To understand it better, they give the example of a house with a cadastral value of €40,000. It was bought between 2013 and 2014 and is transferred in 2022: the fee would be €2,240. However, in 2023, €360 more would have to be paid for this 25% increase, so the figure would reach €2,600.

There are also some reductions in capital gains

Not all will be climbs. There will also be decreases, especially for homes purchased between 14 and 19 years ago. This represents the stage prior to the bursting of the real estate bubble. The decreases will be from 0.36 to 0.19 for those 19 years ago, and from 0.10 to 0.09 for those 14 years ago.

The lawyer specializing in Tax Process at PwC Tax & Legal, Manuel Esclápez, is surprised by the variations. Explain to Popular voice that "an adjustment of the coefficient was expected in 2022 and a linear increase from the previous years". He believes that, if the Treasury chooses to "increase some exercise rather than a logical linear one, it should motivate it, which it does not". He does not know if the coefficients of the Royal Decree "are being corrected now because they were not well calculated". It is not ruled out that we find "changes of this type in the accounts of each financial year".

It must be said that the town councils, which are responsible for collecting this tax, do not have the obligation to raise them to this point. In any case, the position of the Treasury is a wink at local administrations. After the tax was repealed, they had applied for a compensation fund to make up for what had been lost.

This request may be the reason why the Executive has stopped the processing of the Royal Decree Law that creates the new surplus value. Most likely, this rule will lead to a number of problems. The right-wing parties appealed to the Constitutional Court by way of a Royal Decree Law.

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