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V0544-18 26 February 2018 · SG de Impuestos Patrimoniales, Tasas y Precios Públicos Criterion in force
IP · valoración de bienes

Real estate must be valued at the highest of three amounts: cadastral, acquisition, or administration-verified value

A query was raised regarding how to value a building consisting of a commercial premises and several floors for Wealth Tax purposes. The Directorate General for Taxes (DGT) ruled that the rule of the highest value must be applied among the cadastral value, the acquisition value, or the value verified by the Administration.

The question raised

Cuestión planteada Valoración a efectos del Impuesto sobre el Patrimonio.

The DGT's ruling

Para los bienes de naturaleza urbana o rústica, el valor a computar es el que resulte mayor entre el valor catastral, el precio o valor de adquisición y el valor comprobado por la Administración para otros tributos. El valor catastral debe contrastarse con los otros dos criterios mencionados para determinar la base imponible.

Apply this to a real case

What is published here, applied to a company or a specific case. The first meeting is free.

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