Savills - Flipbook - Page 78
Selling costs
Impuesto de Aumento de Patrimonio or Plus Valia
(PV): This is capital gains payable to the Inland
Revenue (Hacienda) according to profit made
between purchase and selling. Title deed holders of
over 65 are exempt from this tax.
Plus Valia Municipal (PVM): This is a tax which is
charged by the local town hall according to the
number of years that the property has been in your
possession. As these taxes are subject to different
calculation criteria, we strongly recommend that
you consult your lawyer or accountant for them to
calculate the exact figure for you.
Estate agency fees: These are paid by the seller and
included in the price as advertised. Currently this is
5% plus VAT of the final agreed selling price.
Council tax, community fees and utility charges:
All these payments must be paid up to the date of
completion. The purchaser’s lawyer will require
receipts confirming this.
Energy Efficiency Certificate (Certificado de
eficiencia energética): As is law in all EU countries,
this document must be issued and shown to the
estate agent when you decide to sell the Property.
The document must be shown to the Notary for the
sale to be completed.
Mortgage cancellation: Check with your mortgage
provider the cost of cancellation and the Notary
fees for witnessing the transaction. The cancellation
is usually done at the same time as completing
the sale.
Our job is to offer a complete range of services
for homeowners which gives them peace of mind
knowing that their property is present, visible and
actively promoted on both the national and
international market.
We offer free home valuations, guidance and
advice. We will take care of your property listing
and assist you with producing beautiful visuals that
sell. We will handle all advertising and take care of
property viewings on your behalf.
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