The measure affects operations in 2014 and taxable events prior to that date not prescribed. |
The residence to be transmitted as a result of payment in kind or foreclosure shall be exempt from tax on the increase in Value of Urban Land (Goodwill).
The Governing Board discussed in today's meeting the Royal Decree-Law 8/2014 of 4 July adoption of Urgent Measures for Growth, Competitiveness and Efficiency, wherein the modification of the Law Regulating included Local Tax to watch this exemption in order to address the social problems associated with the evictions.
The agreement applies to the following assumptions:
1. Transmissions made in connection with the payment in the principal residence of the mortgagor or guarantor thereof for the cancellation of debts secured by mortgage falling upon it.
February. Transmissions housing in presenting the above requirements on foreclosure judicial or notary.
The move is retroactive, as approved with effect from January 1, 2014 and for the preceding taxable events to this date not prescribed.
On the contrary, shall not apply where the debtor or guarantor transferor or any member of your household will have other assets or rights sufficient to satisfy the entire mortgage debt and avoid the alienation of housing amount.
Source: Ayuntamiento de Murcia