Podcast - Amendment to the Tax on the Increase in Value of Urban Land (“IIVTNU”)
25/11/2021
Podcast - Amendment to the Tax on the Increase in Value of Urban Land (“IIVTNU”)
Podcast
Episode directed by: Nuria Estévez Boullosa. Lawyer of the Tax Department
In the following podcast we talk about the reform of the Tax on the Increase in Value of Urban Land, approved by the Government as a matter of urgency just a week after the full text of Judgment 182/2021 issued by the Constitutional Court was known and which has not yet been published in the BOE; to try to reactivate, as soon as possible, the collection of this tax received by municipalities and local corporations.
Due to this urgency, the reform is limited to (i) introducing a new case of non-taxation, (ii) modifying the method for determining the taxable base, and (iii) subjecting to taxation capital gains generated in less than one year; without any of this implying, in any way, the creation ex novo of a tax. However, this speed has caused many situations to remain in "limbo", as is the case of the accruals produced between the date of publication of the Judgment and the entry into force of the new tax regulation.
If you would like to know more about this news, don't miss our podcast.
Podcast published in Economist & Jurist. Click here to listen to it.
