Question 1

How is the Municipal Capital Gains Tax calculated in Puerto del Rosario?

Accepted Answer

There are two methods to calculate the Plusvalia Municipal in Puerto del Rosario:

Estimated Actual Capital Gain: It is calculated based on the capital gain obtained from the transaction. First, the capital gain (difference between the acquisition value and the sale value) is determined. Then, it is multiplied by the percentage of the cadastral value of the land over the total value of the property, and finally, the tax rate corresponding to the period of possession of the property is applied.
Objective estimation: It is calculated by applying a multiplication coefficient to the cadastral value of the land according to the years elapsed between the purchase and the sale, and then the corresponding tax rate is applied.

Question 2

How is the Municipal Capital Gains Tax calculated in Puerto del Rosario?

Accepted Answer

There are two methods to calculate the Plusvalia Municipal in Puerto del Rosario:

Estimated Actual Capital Gain: It is calculated based on the capital gain obtained from the transaction. First, the capital gain (difference between the acquisition value and the sale value) is determined. Then, it is multiplied by the percentage of the cadastral value of the land over the total value of the property, and finally, the tax rate corresponding to the period of possession of the property is applied.
Objective estimation: It is calculated by applying a multiplication coefficient to the cadastral value of the land according to the years elapsed between the purchase and the sale, and then the corresponding tax rate is applied.