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Property taxes etc

Posted: Thu Jun 22, 2023 9:45pm
6 replies167 views4 members subscribed
apriloria

Posts: 7

Location: Oria

Joined: 22 Jun 2023

We have inherited a property in Oria and once we have all the document paperwork completed we plan to sell it and buy another property near Alicante to be near our family.   We are totally confused about the taxes.   We know we will have to pay inheritance tax, then we will have to pay another tax when we sell the house which is referred to as plus valia payable to Oria town hall, this means tax on the value since my parents bought it,  we are baffled they bought the house 5 years ago and paid Euro 100,000 for it, I have contacted 4 estate agents near Oria and  they have all said it is worth Euro 100,000, I have been told this plus valia is a tax by the Oria town hall, based on the profit they have made on the house, given there will be no profit as the house will be sold for the price they paid how can they charge us this plus valia, at this rate we will have to pay about £30,000 for all the taxes and we are wondering if we should just stay in Oria.  Can anyone please give us advise  

MaggieB

Posted: Fri Jun 23, 2023 10:52am

MaggieB

Helpful member

Posts: 308

214 helpful points

Joined: 10 May 2020

Posted: Fri Jun 23, 2023 10:52am

Best to speak to a solicitor as can be quite complicated.

apriloria

Posted: Fri Jun 23, 2023 11:50am

apriloria

Original Poster

Posts: 7

Location: Oria

Joined: 22 Jun 2023

Posted: Fri Jun 23, 2023 11:50am

MaggieB wrote on Fri Jun 23, 2023 10:52am:

Best to speak to a solicitor as can be quite complicated.

We have spoken to 3 solicitors and they have all given different information thus we decided to ask those who have transacted in the area

Jenni

Posted: Fri Jun 23, 2023 6:01pm

Jenni

Super helpful member

Posts: 1293

1002 helpful points

Location: Oria

Joined: 14 Dec 2017

Posted: Fri Jun 23, 2023 6:01pm

There is a lawyer in Oria, she doesn't advertise, so perhaps you haven't met her, she is very good and will deal with Oria Town hall for you. her email is [email protected]

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PuffTheMagicDragon

Posted: Sat Jun 24, 2023 10:46am

PuffTheMagicDragon

Helpful member

Posts: 304

188 helpful points

Location: Oria

Joined: 22 Sep 2018

Posted: Sat Jun 24, 2023 10:46am

Yes, RIANNE SMULDERS, excellent, we wouldn't use anyone else, now!

apriloria

Posted: Thu Jun 29, 2023 10:42am

apriloria

Original Poster

Posts: 7

Location: Oria

Joined: 22 Jun 2023

Posted: Thu Jun 29, 2023 10:42am

Jenni wrote on Fri Jun 23, 2023 6:01pm:

There is a lawyer in Oria, she doesn't advertise, so perhaps you haven't met her, she is very good and will deal with Oria Town hall for you. her email is [email protected]

My brother contacted her and she said she is too busy to help at the moment!

Jenni

Posted: Thu Jun 29, 2023 12:32pm

Jenni

Super helpful member

Posts: 1293

1002 helpful points

Location: Oria

Joined: 14 Dec 2017

Posted: Thu Jun 29, 2023 12:32pm

apriloria wrote on Thu Jun 22, 2023 9:45pm:

We have inherited a property in Oria and once we have all the document paperwork completed we plan to sell it and buy another property near Alicante to be near our family.   We are totally confused about the taxes.   We know we will have to pay inheritance tax, then we will ha...

...ve to pay another tax when we sell the house which is referred to as plus valia payable to Oria town hall, this means tax on the value since my parents bought it,  we are baffled they bought the house 5 years ago and paid Euro 100,000 for it, I have contacted 4 estate agents near Oria and  they have all said it is worth Euro 100,000, I have been told this plus valia is a tax by the Oria town hall, based on the profit they have made on the house, given there will be no profit as the house will be sold for the price they paid how can they charge us this plus valia, at this rate we will have to pay about £30,000 for all the taxes and we are wondering if we should just stay in Oria.  Can anyone please give us advise  

Plus Valia is not only the profit but also depends on improvements and the rooms in the house and the land you own. Oria Town hall are the only people that can tell you. if Rianne cant help take a translator to Oria town hall, and ask them, I would recommend Jenny she lives on the Rambla and is well known in the town hall her number is 0034  660529295

Good luck

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