Plusvalía municipal

Local tax (Tax on the Increase in Value of Urban Land) levied on the transfer of urban properties. Paid by the seller (unless otherwise agreed) within 30 days of signing. Calculated on the cadastral value of the land and years of ownership. Following the 2021 Constitutional Court ruling, it only applies if there is a real increase in value between purchase and sale; the taxpayer can choose between the objective and real methods.