Category JUDGMENTS

The Constitutional Court declares capital gains tax illegal when there is no increase in value
JUDGMENTS

The Constitutional Court declares capital gains tax illegal when there is no increase in value

The Tax on the Increase in the Value of Urban Land, commonly known as capital gains, is a direct municipal tax of an optional nature. The value of the land that is taken into account is, in general, the cadastral value.The local tax theoretically levies the revaluation of the properties at the time of sale and its calculation formula causes payment to be required when losses are recorded In other words, whoever sold the apartment, having a lower value than the one who bought it, had to pay the City Council as if they had won it.

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JUDGMENTS

The Constitutional Court declares capital gains tax illegal when there is no increase in value

The Tax on the Increase in the Value of Urban Land, commonly known as capital gains, is a direct municipal tax of an optional nature. The value of the land that is taken into account is, in general, the cadastral value.The local tax theoretically levies the revaluation of the properties at the time of sale and its calculation formula causes payment to be required when losses are recorded In other words, whoever sold the apartment, having a lower value than the one who bought it, had to pay the City Council as if they had won it.
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JUDGMENTS

Compliance officer: Duties and responsibility

The State Attorney General's Office has published a Circular on a topic that is very topical in the business world. This is Circular 1/2016 on the Criminal Responsibility of Legal Entities. The document covers numerous issues arising from the important modification of the Criminal Code made by Organic Law 1/2015, which we will discuss and analyze in this blog.
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