Fairer tax for property sellers

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A revised law for the municipal capital gains tax known as the ‘plusvalía’ – paid when someone sells, is given or inherits a home – was due to come into effect on Wednesday.

President of the national federation of municipalities and provinces (FEMP), Abel Caballero said the changes have created a ‘fairer’ system for citizens.

The previous method of calculating the tax had been ‘deficient’ and led to excessive charges, he said.

Full report in Friday’s Costa Blanca News – available from supermarkets, tobacconists/newspaper shops and online at www.costa-news.com

Read more in this week’s print edition or go to e-paper

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