{"id":1888,"date":"2024-10-02T17:08:43","date_gmt":"2024-10-02T15:08:43","guid":{"rendered":"https:\/\/ablawyers.ooptimo.dev\/?p=1888"},"modified":"2025-05-22T16:47:06","modified_gmt":"2025-05-22T14:47:06","slug":"what-is-the-reference-value-of-a-property-in-spain","status":"publish","type":"post","link":"https:\/\/ablawyers.es\/en\/what-is-the-reference-value-of-a-property-in-spain\/","title":{"rendered":"What is the reference value of a property in Spain?"},"content":{"rendered":"\n<p>To determine how much must be paid for both the Property Transfer Tax and Stamp Duty as well as the Inheritance and Gift Tax in Spain, the determination of this \u201creal value\u201d has often been a source of disputes and litigation.<\/p>\n\n\n\n<p>In this regard, the Spanish Supreme Court has established as jurisprudential doctrine that when there is a market for the assets in question, the \u201creal value\u201d coincides with the \u201cmarket value.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How the Reference Value of a Property in Spain is Established<\/strong><\/h3>\n\n\n\n<p>The General Directorate of the Cadastre determines the \u201creference value\u201d of a property in Spain objectively, and it is limited by the market value, based on the data recorded in the Cadastre. This value is obtained by analyzing the prices reported by notaries public for real estate sales transactions.<\/p>\n\n\n\n<p>In property transfers, if the value declared by the parties, the agreed price or consideration, or both, exceed the \u201creference value,\u201d the higher of these amounts will be taken as the taxable base.<\/p>\n\n\n\n<p>When there is no \u201creference value\u201d or it cannot be certified by the General Directorate of the Cadastre, the taxable base\u2014without prejudice to administrative verification\u2014will be the highest of the following values:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The value declared by the parties involved<\/li>\n\n\n\n<li>The agreed price or consideration<\/li>\n\n\n\n<li>The market value<\/li>\n<\/ul>\n\n\n\n<p>The \u201creference value\u201d of a property in Spain is the minimum taxable base for the Property Transfer Tax and Stamp Duty (ITP and AJD) and the Inheritance and Gift Tax.<\/p>\n\n\n\n<p>At <strong>AB Lawyers<\/strong>, we encourage you to contact us for further advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To determine how much must be paid for both the Property Transfer Tax and Stamp Duty as well as the Inheritance and Gift Tax in Spain, the determination of this \u201creal value\u201d has often been a source of disputes and litigation. In this regard, the Spanish Supreme Court has established as jurisprudential doctrine that when [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-1888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-and-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reference value of a property in Spain | AB Lawyers<\/title>\n<meta name=\"description\" content=\"Learn what the reference value is and how it affects taxes when buying or inheriting a property in Spain with AB Lawyers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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