Salobreña Plusvalía News

SAL Pleno OnLThe Salobreña Town Council approved its plan to avoid a large increase in the Plusvalía tax after the 60% deduction disappears next year.

This will be achieved by lowering the tax threshold from 28.62% to 13%.

The plusvalía is a local (municipal) tax charged by the town hall on properties when they are sold. It is calculated on the rateable value of property and the number of years that have passed since the property last changed hands.

The Mayor, Mª Eugenia Rufino, explained that if they had not lowered the threshold, then with the disappearance of the 60% discount at the beginning of 2019, there would be a “disproportionate increase” in the tax burden on property owners.

In other words, she explained the lowered threshold from 28.62% down to 13%, will balance out the loss of the 60% discount so that property owners will be left paying more or less the same amount as they are paying now.

Let’s see…

Also included and improved at the Plenary meeting was a request for funds from the Junta de Andalucía to sort out the Cañada de Genaro country lane, which connects Cota 100 to Cota 200 via Matagallares. The budget for the roadworks is 105,000 euros, of which the Junta would provide 60%.

(News: Salobrena, Costa Tropical, Granada, Andalucia)

Leave a Reply

Your email address will not be published. Required fields are marked *