A revised law for the municipal capital gains tax known as the ‘plusvalía’ – paid when someone sells, is given or inherits a home – was due to come into effect on Wednesday.
President of the national federation of municipalities and provinces (FEMP), Abel Caballero said the changes have created a ‘fairer’ system for citizens.
The previous method of calculating the tax had been ‘deficient’ and led to excessive charges, he said.
Full report in Friday’s Costa Blanca News – available from supermarkets, tobacconists/newspaper shops and online at www.costa-news.com
