How much is paid to the tax authorities on the sale of a flat in 2023?

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If you have thought about selling a house you own in 2023, you should know that not all the price you obtain will be a benefit, because you will have to pay taxes and expenses. In this post we answer the question How much is paid to the Treasury for the sale of a flat in 2023? We tell you what taxes the seller must pay and what amount is paid. When you sell an apartment you must pay two taxes related to the sale: – Personal Income Tax (IRPF) for the capital gain you obtain from the sale. – The Tax on the Increase in the Value of Urban Land (IIVTNU) or municipal capital gain< /strong>, which taxes the increase in value of the land on which the property is located since you bought it until you sold it.

How much is paid to the Treasury for the sale of a flat in personal income tax

As we said in the previous section, if you obtain a capital gain from the sale of an apartment you will have to pay personal income tax. The IRPF is calculated based on the capital gain, so it will be necessary to define the amount of the capital gain that you have obtained and then multiply that value by the corresponding percentage.

How is the capital gain calculated in personal income tax?

The capital gain is obtained based on the difference between the acquisition value and the transfer value. The transmission value is calculated considering the sale price and subtracting the expenses and taxes of the transmission. The expenses and taxes that can be deducted are, for example,  those for canceling the mortgage, the fees charged by the real estate agent who participated in the operation and the amount of the municipal capital gains. Regarding the acquisition value, it includes the price paid when the apartment was purchased plus the expenses and taxes related to the operation, for example, notary fees, transfer tax assets or VAT or the commission that you paid the bank for the mortgage. Once you have calculated the acquisition value and the transfer value, you can calculate the capital gain and you may find yourself in three different situations: – If the transfer value is higher than the acquisition value: you will have to pay personal income tax. – In the event that the transfer value is lower than the acquisition value: you will have to file the income statement and include the details of the sale that has been made, but you will not have to pay the personal income tax. – Finally, in the event that the two values are the same: you will not have to pay personal income tax either.

Which rate applies to capital gains?

If the transfer value is higher than the acquisition value, as we have seen in the previous section, you will have to pay personal income tax and thethe following types: – First, if the capital gain does not exceed 6,000 euros, the rate of 19% is applied. – When the capital gain is between 6,000 euros and 50,000 euros, the rate of 21% is applied, – When the capital gain is between 50,000 euros and 200,000 euros, the rate will be 23%. – Now, if the capital gain is between 200,000 euros and 300,000 euros, the rate will be 27%. – And finally, if the capital gain is greater than 300,000 euros, the rate is 28%. These rates are applied progressively, so if the capital gain is, for example, 45,000 euros, 19% will be applied to the first 6,000 euros and 21% to the rest. </p >

In which cases do you not have to pay personal income tax?

There are several cases in which you do not have to pay personal income tax for the sale of a flat and they are the following: – Reinvestment in habitual residence. These are cases in which the profit obtained is used to buy another habitual residence within two years. – Sale of habitual residence per person older 65 years old.  – Sale of housing by person over 65 years of age to contract a life annuity.  – Delivery of the home as dation in payment. 

How much is paid to the Treasury for the sale of a flat in the municipal capital gains

The second tax that you will have to pay for the sale of a flat is the municipal capital gains. To calculate the municipal surplus value, two methods can be used:

Objective method.

In this case, two values are considered: the tax base and the rate established by the city council. The tax base is calculated based on the number of years that have elapsed since you acquired the property until you sold it. A coefficient that will be the following is applied to the variation in the value of the land that has occurred during that time:

Years	Coefficient
Less than a year	0.14%
1 year	0.13%
2 years	0.15%
3 years	0.16%
4 years	0.17%
5 years	0.17%
6 years	0.16%
7 years	0.12%
8 years	0.10%
9 years	0.09%
10 years	0.08%
11 years old	0.08%
12 years	0.08%
13 years old	0.08%
14 years old	0.10%
15 years	0.12%
16 years old	0.16%
17 years old	0.20%
18 years old	0.26%
19 years old	0.35%
20 years or older	0.45%

Once the tax base is obtained, a tax rate is applied which, in the case of Barcelona, has been set at 30%.

Real method.

In this case, the transfer price is simply subtracted from the acquisition price. AfterAfter having done the above to obtain the tax base, the percentage that the value of the land supposes on the total cadastral value and, then, the Barcelona City Council tax rate of 30%. Remember that you can deduct from your personal income tax return what you have paid for capital gains when calculating capital gains. The taxpayer can choose the method that is most appropriate to his interests. If there is no increase in value, no capital gains will have to be paid.

What happens to the Real Estate Tax (IBI) when a flat is sold?

The IBI taxes the property of the house and when it is sold we must remember that, the general rule, is that it is paid by the owner of the property on January 1 of each year. But, the buyer and the seller can agree on the apportionment of the IBI so that each one pays it based on the time they have owned the year in which the home was sold. Certainly, to these taxes we must add other expenses involved in the sale such as the Notary’s fees, the commission paid to the agency that is in charge of the sale of the flat, the fees of the registrar for the issuance of simple notes or certificates, the cost of the energy certificate and others. Finally, if you have decided to sell your house in 2023 and you want to know how much the Treasury is paid for the sale of an apartment, contact us and our team of experts will analyze your case and indicate the best purchase price for you. that you obtain the profitability that you want, it will carry out the commercial actions so that your apartment is sold quickly and it will advise you throughout the sale process until the closing of the operation.