22/11/2021
How does the new reference value for real estate affect real estate?
A novelty introduced by the Law against tax fraud, insofar as it affects property taxes, is the introduction in these taxes of the reference value provided for in the regulations governing the real estate cadastre.
What is the reference value of a property?
It is the value determined by the General Directorate of the Cadastre as a result of the analysis of the prices of all property sales and purchases made before a notary public, according to the cadastral characteristics of each property.
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