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LOCAL TAXES

Services

Services > LOCAL TAXES

LOCAL TAXES

  • We participate in the management of real estate assets of our clients, and specifically in reducing the tax burden that the assessed value is referenced by means of a thorough analysis of it, adapting to the physical, legal and fiscal reality of the property.
  • Many taxes reference the rateable value of properties: Property Tax, Tax on Economic Activities, Garbage Fees, or Mobility Rate... among others.
  • We put a highly specialized and qualified team at the service of our clients which analyzes all of the elements which determine the rateable value of a property and its associated taxation.
 
  • Our added value lies in our team's expertise and extensive knowledge on the legislation and standards of valuation.
  • We detect errors in the calculation of rateable value of property.
  • We check that the tax bases, applied tax rates, tax credits, etc. applied are correct.
  • We prepare allegations to present before the Government (Cadastre, City Hall; specifically the Treasury) requesting the rectification of the rateable value assigned and the associated taxation attributed to said value.
  • We process and monitor the allegations until their resolution.
  • We analyze the resolutions in case it is necessary to recur again.
  • We value the economic and strategic impact of the resolutions in the taxation of our clients.

Real comulative performance of property Tax vs CPI 2004-2015

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Real graphic example

  • Property for Hotel use in Madrid Capital. Accumulated evolution of Property Tax vs CPI period 2004-2015.
  • 2004 = Base 100
  • Estimated CPI 2014 y 2015: 2%
  • Rate of Property Tax 2015 = Rate of Property Tax 2014
  • National General Budget Laws have been taken into account.

Property Tax

  • Property tax is the main form of financing for City Halls. This tax is designed to grow annually.
 

payable tax base

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year 10

  • Taxable Base
  • =
  • Applicable Base
  • =
  • Rateable Value

Real graphic example

  • Assigned Rateable Value
  • Assigned Taxable Base
  • Rectified Taxable Base
  • Savings
  • Lower rateable value
  • Lower Taxable Base
  • Lower annual increase of taxes
  • LOWER TAXES
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