The Ministry of Finance already has a bill in which it contemplates taking into account the values contained in the deed
Hacienda already has a bill with the reform of the municipal surplus value when there are losses. The Tax on the Increase of Value of Land of Urban Nature (called municipal goodwill) taxes the appreciation of a land when a property is transferred but the municipalities charged it even when there were losses. An assumption that the Constitutional Court annulled, reason why it was necessary a new wording of the Law of Local Haciendas, that regulates this tribute. The government has approved the draft of the new standard, which describes how to calculate if there are losses or not. The partner of the Ático Jurídico office, José María Salcedo, explains that in onerous transmissions – for example, sales – the taxpayer can prove that there is no increase of value with the writings while in the gratuitous ones (donations or inheritances) will be taken of reference The real value of the Inheritance and Donations Tax, which establishes each autonomy. In case it does not come broken down the value of the land will be calculated by applying the proportion that represents on the transmission date the cadastral value of the land with respect to the property. Likewise, in order to determine the basis of taxation of the tax, the annual percentages on the value of the land are replaced by other maximum coefficients that will be applied according to the seniority. Along with this, the coefficients of cadastral values published in the Budgets year by year will be added together. The Spanish Federation of Municipalities and Provinces (FEMP) had sent the Ministry two tax reform options: either to resolve disputes on the basis of a cadastral index or in response to purchase and sale prices. The local finance experts recommended this last option to the Treasury.