Don’t worry! Differentiating between the two is much simpler than it seems at first glance. Besides, if you did not obtain a capital gain with your operation, you will not have to pay either of them. So that you can understand what each of them implies and in which cases you will and in which cases you will not have to face them, keep reading! <\/p>\n\n\n\n
Municipal Capital Gains in Fuerteventura<\/h2>\n\n\n\n
The Municipal Capital Gains Tax, officially known as the Tax on the Increase in Value of Urban Land (IIVTNU), is a tax on the increase in value of the land <\/strong>on which your home is located, during the time it has been in your property.<\/p>\n\n\n\n How is the Municipal Capital Gains Tax calculated?<\/strong><\/p>\n\n\n\n Its calculation is based on the time of possession of the property and the cadastral value of the land. After the recent legal modifications, there are several ways of calculation that allow to adjust the taxation according to the real value of the transmission. In our article How to calculate the Plusvalia Municipal in Puerto del Rosario<\/a> we explain you how to estimate what you will have to pay in Plusvalia Fiscal depending on the calculation method chosen: Actual Plusvalia or Objective Method<\/strong>. <\/p>\n\n\n\n In addition, at Destiny Home we have also created an online calculator<\/a> with which you can calculate what you will have to pay for Plusvalia Municipal if you are selling a property in Puerto del Rosario or La Oliva.<\/p>\n\n\n Who has to pay the Municipal Capital Gains Tax?<\/strong><\/p>\n\n\n\n When selling a house in Fuerteventura, the Plusvalia Municipal has to be paid by the seller. For this, you will have 30 working days from the signing of the deeds of sale. <\/p>\n\n\n\n Who collects the Municipal Capital Gains Tax?<\/strong><\/p>\n\n\n\n The Municipal Capital Gains Tax is a municipal tax, so it will be the responsibility of each City Council to collect this tax.<\/p>\n\n\n\n How can you avoid paying the Plusvalia Municipal?<\/strong><\/p>\n\n\n\n As we mentioned at the beginning of this article, there are certain situations in which you will not have to pay the Plusvalia Municipal when selling your house in Fuerteventura. For example: <\/p>\n\n\n\n For its part, the capital gains tax in Fuerteventura refers to the capital gain obtained from the sale<\/strong> of your property. It is a sales tax in Fuerteventura<\/a> that must be paid through the income tax return and its taxation depends on the difference between the purchase price and the sale price of the property. <\/p>\n\n\n\n Depending on the capital gain obtained, you will have to apply the following tax rates:<\/p>\n\n\n\n Who has to pay capital gains <\/strong>tax<\/strong>?<\/p>\n\n\n\n When selling a house in Fuerteventura, the capital gain in the IRPF has to be paid by the seller. That is to say, the person who transfers the property is the one who must include this capital gain in his Income Tax Return. <\/p>\n\n\n\n Who collects capital gains <\/strong>tax<\/strong>?<\/p>\n\n\n\n The capital gains tax is collected by the Tax Agency<\/strong> through the Income Tax Return. <\/p>\n\n\n\n How can you avoid paying capital gains <\/strong>tax<\/strong>?<\/p>\n\n\n\n As with the Plusvalia Municipal, there are certain situations in which you will not have to pay for the Plusvalia Fiscal of your property in Fuerteventura. <\/p>\n\n\n\n In our article Exemptions in the IRPF when selling a house in the Canary Islands<\/a> you can find all the details about each one of the existing exemptions in the Canary Islands in the payment of the Plusvalia Fiscal. <\/p>\n\n\n\n The main difference between Municipal Capital Gains and Personal Income Tax Capital Gains is the following:<\/p>\n\n\n\n While the Plusvalia Municipal is levied on the increase in value of the land where your property is located during the time it has been owned, the Plusvalia Fiscal is applied to the revaluation of the property during the same period.<\/p>\n\n\n\n <\/p>\n<\/blockquote>\n\n\n\n Below is a summary table where you can find the main differences between these two taxes:<\/p>\n\n\n Are you going to sell a property and you are not sure how much you will have to pay<\/strong> for each of these taxes? In Destiny Home we take care of the sale of your property from start to finish, something that also includes advice on the calculation and filing of taxes. <\/p>\n\n\n\n If you want to know how much you can get for the sale of your property to know whether or not you will have to face any of these fees, you can make use of the Fuerteventura online property valuator<\/a>, the first valuator on the island designed to estimate in just one minute the selling price of your property.<\/p>\n\n\n![\"CTA](\"https:\/\/blog.destinyhome.es\/wp-content\/uploads\/2024\/06\/Calculadora-Plusvalia-EN.png\")
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Capital gains tax in Fuerteventura<\/h2>\n\n\n\n
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Differences between Municipal Capital Gains and Personal Income Tax Capital Gains<\/h2>\n\n\n\n
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\n CONCEPT<\/strong><\/span><\/th>\n MUNICIPAL CAPITAL GAIN<\/strong><\/span><\/th>\n CAPITAL GAIN IN THE IRPF<\/strong><\/span><\/th>\n<\/tr>\n<\/thead>\n\n \n Type of tax<\/td>\n Local (City Hall)<\/td>\n State (Treasury)<\/td>\n<\/tr>\n \n What is the tax?<\/td>\n Increase in land value<\/td>\n Increase in the value of the house<\/td>\n<\/tr>\n \n Who taxes it?<\/td>\n Municipalities<\/td>\n Treasury<\/td>\n<\/tr>\n \n Who pays for it?<\/td>\n The seller<\/td>\n The seller<\/td>\n<\/tr>\n \n How it is calculated<\/td>\n Cadastral value + years + coefficients<\/td>\n Sale price – purchase price \u00b1 expenses<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\n
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