When a property is to be included in the income tax return, its cadastral reference, According to the website of the Ministry of Finance: «Thanks for the cadastre reference, it is actually known what real estate It is considered in legal transactions (purchase, inheritance, donation, etc.), not to confuse some goods with others». Thus, the cadastral reference Provides legal certaintyAnd there are many ways to find it.
how to view cadastral reference
- 1. Through the Electronic Headquarters of the Cadastre: Through the locator enabled on its page Web, To do this, you can enter the address of the property, or search for it using the interactive map.
- 2. Final Receipt of Payment of Tax on Real Estate (IBI).
- 3. Through a certificate issued by the Municipal Council.
- 4. In public works in which cadastral reference is made.
Importance of cadastral price
tax rate There is a valuation of the property done by the cadastre, which depends on the Ministry of Finance. Its location is taken into account to calculate it, ancient time of the cost of the building or land. In addition, the cadastral value, which is highly relevant in the income statement, cannot exceed the market value, and is normally around half,
Capital yield in immovable property—when a house or premises is let out—the owner can pay off debts (ie, reducing expenses for several years) 3% of the cadastral value of the building, which includes only “flying”. it is considered significant discount in the statement.
On the other hand, in case of income in kind, when the employer provides a house owned by him to the employee, he has to declare only personal income tax. 5% of the tax value of the asset, or 10% in the event that the value has not been reviewed in the last 10 years.
Personal income tax is taxed in case of vacant urban house. The so-called charge of income—which happens when you have an urban property it is not habitual residencewhich is not subject to economic activity, and is not rented – is calculated by multiplying by the number of days the property has been vacated tax rateBy 2% (or 1.1% if the price has not been reviewed by the autonomous community), and these are all divided by 12.
What is the reference and tax value of my house in the income statement?