Spanish Constitutional Court allows to recover the Plusvalia Municipal
According to a recent judgement of the Spanish Constitutional Court dated on October 26th, the way of calculating the Municipal Capital Gains Tax (also known as “Plusvalía Municipal”) is unconstitutional. Additionally, on November 10th a new Law -in form of Royal Decree- has entered into force. This new Law establishes a new way of calculating the basis of this tax, due when someone sales or receives by inheritance or gift a real property in Spain. This memo try to summarize
