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“MORTGAGE GROUND CLAUSE” (MINIMUM INTEREST RATE): CAN I CLAIM MONEY BACK FROM MY BANK?

on March 10, 2017

If you have a mortgage in Spain and if you are wondering if you have a “ground clause or minimum interest rate” in your mortgage and if you can claim money back from your bank, this information may be useful for you.

THE PLUSVALÍA TAX DECLARED UNCONSTITUTIONAL BY THE SPANISH LAW, IN CASE YOU SELL YOUR PROPERTY AT A LOSS

on March 09, 2017

The plusvalía tax is a direct tax on the increase in urban land value, which is realized on its transfer (for example when the property is being purchased, inherited, donated or exchanged) or when other property-related rights, such as the right of use or usufruct, are being constituted or transferred. The tax is calculated with the cadastral value and the length of time the property has been owned, taken as a reference; but the real value of the property and of the land is not taken into consideration; in spite of us all knowing that these prices have gone done considerably during last times of crisis.

La plusvalía municipal es inconstitucional cuando se vende con pérdidas.

on March 09, 2017

La plusvalía municipal es un impuesto directo que grava el supuesto incremento de valor experimentado por los terrenos de naturaleza urbana, como consecuencia de su transmisión (compraventa, herencia, donación, permuta), así como por la constitución o transmisión de derechos reales de disfrute, como es el usufructo. La fórmula para realizar el cálculo del impuesto se basa en los valores catastrales del suelo y los años de posesión de la vivienda; pero sin tener en cuenta ni el precio real de las viviendas ni del suelo; lo cuales todos sabemos han sufrido una gran caída durante la crisis.