The beneficiaries of the project are not only the owners and supporters. The boom of the Alicante real estate market since his confinement ended, and especially since last summer. The increase in the number of transactions and the increase in real estate prices also contribute to this. fill the public coffers, at a time when paying the bills is more necessary than ever for the pandemic’s biggest social expense. A particularly noticeable improvement meeting of the Generalitat principal recipient of taxes paid in the country, like other regional governments second hand real estate sale. A segment that currently accounts for around 87% of total transactions.
Thus, according to the latest available data, Valencia Tax Office (ATV) increased in the province of Alicante 59.2% in the first five months of the year until 416.7 million Compared to 261 million euros in the same period of 2021.
The fact is that although the increase in collection is registered in all taxes and duties administered by the autonomous body, the main reason for such a high growth in the state must be found in the evolution of so-called taxes. Property Transfer Tax, generally taxes with 10% of purchases Second-hand homes where the special discounted rate applies, with some exceptions, such as VPOs or operations for under-35s who have not reached a certain income.
Collection of this tax in Alicante between January and May 285.9 million euros, which is 68.1% more More than the same period in 2021. The results, according to the ATV director, Sonia Diazreflects both the increase in the number of transactions realized in this period and the increase in real estate prices.
In this context, only in the first four months of the year Housing sales increased by nearly 50 percent According to the INE in the state and Average appraisal value of houses increased by 8.7% Last year, according to the latest data from the Ministry of Transport, Mobility and Urban Agenda.
more legacy
On the other hand, ATV data also reflect a very significant increase in income from Turkey. inheritance tax, paid when formalizing legacies. So far this year, payments total 53.1 million euros, or 52.9% more than in 2021. In this case, according to Sonia Díaz, there are two explanations for the increase. On the one hand, the numbers reflect the last pains of the period. increased death rate recorded during Pandemic, which translated into an increase in processed legacies. But on the other hand, they are also analyzing whether some of this higher collection from the regional tax authority is due to the enactment of the new Cadastre Reference Value, which is used to calculate the base for this tax. In effect since January 1
For its part, Documented Legal Transactions Tax collected 51.09 million, 30.4% more, while gaming-related rates and taxes generated 23.22 million, or 54.2% more revenue.
On the other hand, Díaz underlines the small difference between the recognized tax entitlements of 901.1 million at the regional level – that is, collection rights created in favor of the Administration – and the effective income. It reached 867.3 million. showing a fact High degree of compliance of Valencia taxpayers and also, at least for the time being, the uncertainty surrounding the economy, payment capacity these. In other words, there is no increase in guilt.