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Pennick Blackwell Hot Topic
Lost money on a house sale?
Another helpful discovery recently has led us to learn that if you have sold your house in the last few years, or know somebody who has, there could be help at hand.
When selling a house in Spain, you have to pay the “Plus Valia” or the increase in the land value while you owned the house. Due to the overinflation of the market years ago, many people have been forced to sell their properties for a drastic loss.
If you have sold your property for a loss recently, and have also had to pay the “Plus Valia” you could be eligible for a claim against the local town hall. A new decree has stated that a house sold for a loss should not have to incorporate the “Plus Valia” and therefore, a refund could be due to you, or someone you know.
If you feel there could be a question to answer here, please do not hesitate to contact us as financial advisors Costa Blanca, we are happy to field any question on any financial topic and help to the best of our ability.
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