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Municipal Capital Gain: Whoever Sells a Home with Losses no Longer Pays Tax

Home > Insights y Noticias > Articles in English > Municipal Capital Gain: Whoever Sells a Home with Losses no Longer Pays Tax
Articles in English
abril 6, 2018

 

Owners who sell their properties at a loss will not have to pay the municipal capital gains tax, according to a bill presented by the PP.

 

Owners who sell their properties at a loss will not have to pay the municipal capital gains tax, according to a bill presented by the PP. Now it remains to be seen what will happen to those who unduly paid this tax, to whom many courts are agreeing.

…… David García, the public prosecutor responsible for the Ayming consulting firm, states that “the greatest reliable evidence to justify the loss of assets is the public deed, since one of the duties of notaries is to attest to the facts stated in the deed. It is a great advantage for individuals not to have to resort to an expert evidence to justify the loss of assets….

Source ABC digital. Read full story

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