The Constitutional Court annuls part of the local tax clauses known as “Plusvalia Municipal” in Spain.
On Wednesday, October 27th, the Spanish Constitutional Court declared the invalidity of part of the “Plusvalia Municipal” articles. So, what is the “Plusvalia Municipal”? In Spain, this local tax, more known as “Plusvalia Municipal, ” is a tax the town hall charges once a vendor sells its property. The objective of this tax is to increase the value of the land on which the