Tax Disputes

REPORT TO REFUTE TAXABLE BASES

The Tax Office can begin the value verification process, with its corresponding settlement process, in those cases of property transfers, inheritances and gifts where the taxpayer has set a taxable base for tax payment less than those rates handled by the government. The situation also applies to the payment of Stamp Duties, mainly associated with Horizontal Divisions and New Building Declarations.

In all of these cases the taxpayer is entitled to request a value correction from the government by submitting a contradictory expert valuation. This report, which determines the market value of the asset on the transfer date, can justify the amount to be considered as a taxable base for the purposes of tax payment.

INDIVIDUALS
(LAW FIRMS AND TAX ADVISORS).

INVESTORS AND HOLDING COMPANIES
(FAMILY OFFICES)

DEVELOPERS

COMPANIES WITH ASSETS

1. THE SITUATION.
A client purchased a residential property at a good price.
This was the amount that he declared in his Property Transfer Tax settlement. Twelve months later, the buyer received a value validation in which the government assigned a price to the asset that was much higher than that stated in the deed.

2. OUR SERVICES.
Tinsa issued an expert contradictory appraisal
in which it demonstrated, in compliance with standard ECO/805, that the purchase value of the property was very close to the market value at the time of transfer. The government sent its initial valuation and the report from Tinsa’s expert to a third-party expert .

3. THE RESULT.
Thanks to Tinsa’s intervention and the technical fundamentals of its report,
the third-party expert issued a value similar to that of the contradictory appraisal. The client was able to avoid paying back the difference assigned by the government.