We are going to pay many more taxes for our homes: this is the new reference value imposed by the Government

The housing market in Spain is currently in full exchange, with laws and decrees that are being discussed in Parliament with the aim of making it more accessible, especially to young people, those who have it more difficult.But not only that is at stake.

The Executive wants to change some rules of the game in the real estate market and in relation to the part that hurts in the pocket to citizens, taxes.Because the Ministry of Finance has just touches a twist to the patrimonial transmissions tax and has changed the way to calculate it, taking out a new concept from the sleeve.

We talk about the reference value, a concept that has monopolized holders in recent weeks and has generated a lot of controversy, because everything indicates that this new indicator will make us pay more taxes for our house.

What is it and why?

As many say, the government "has invented" a new value that will serve as a taxable basis for calculating not only the property transmissions tax;also for successions and donations.

Thus, the reference value will replace the real value of the property as a taxable basis for calculating these taxes.Until now, the effective price that had been determined in the sale of the property was taken as a reference, but now an average calculation of the housing cadastre will be made.

As of January 1, 2022, the reference value will become the key and, according to the Treasury, it will not be a covert tax rise ... but that is not true at all.

Because before it was based on the real value of that property, and is usually purchased below the market price;But now it will be subject to an average that will be given by the cadastre, which will clearly be superior to the purchase.Therefore, if the tax base is greater, more taxes will be paid.

Supposedly, the government wanted to make this change to reduce the litigation that has always been around these taxes, but this may not be so, but vice versa.Because now the reference value will be calculated by making an average of the price of properties in areas within the same municipality.And the data will be taken from the sale that have been made and consist of the Portal of the General Directorate of the Cadastre.

Wow, that it will be the statistics of notaries who determine this new concept, although the government says that it will apply a minorization factor of 0.9 in rustic and urban properties, which implies a 10% reduction in the payment of the payment of the payment oftax.A measure that will try to correct the differences that mark the notarial statistics.

Therefore, with this mining value the government is already admitting that more is going to be paid with the reference value, since it tries to correct to some extent.Because when an average is made, it is known that it will be harmed to some and benefit others.

The Quid of the controversy

What is therefore what is generating controversy?Well, now the calculation of these imnuestos will be done according to a value that the State imposes subtracting capacity to the taxpayer, that is, to all of us, to challenge his decision.Because before the litigation due between the administration and the taxpayers for this reason a judge resolved;From January the decision will be of the Administration, End.

And be careful, because it will not only affect taxes on real estate;You can also do it to societies or IRPF, provided there is a property at stake.Therefore, everything indicates that we are dedicated to an undercover tax rise.