Category: News
In the process of buying and selling a home , the Real Estate Tax (IBI) becomes a crucial factor that implies tax obligations for both the buyer and the seller. This municipal tax finances local public services, but who should assume its payment in a sale?
Responsibility in the Sale: Who pays the IBI?
In the context of a sale , the person in charge of paying the IBI is the owner of the property as of January 1 of the year in which the payment is made. This article explores how this rule applies and what happens in cases of mid-year sales.
Proportional Distribution: Who pays the IBI when a house is sold in the middle of the year?
It is possible to reach an agreement between buyer and seller so that the buyer assumes the payment of the IBI in proportion to the time that he will enjoy the home. This section examines how this practice can be carried out and the importance of detailing it in the sales contract .
How much is IBI paid?
The amount of the IBI depends on the cadastral value of the property and the tax rate established by the city council. This section explores the factors that influence the calculation of the IBI and how it can vary depending on the nature of the property.
Transfer the IBI Payment to the Buyer: Is it Possible?
The possibility of transferring the IBI payment to the buyer during a property sale is explored . The legal conditions and agreements between the parties are detailed so that the new owner assumes total or partial payment of the tax.
The Buyer Refuses to Pay the IBI: How to Claim It?
This section addresses scenarios in which the buyer refuses to pay the IBI , providing information on the legal actions that the seller can take to claim a refund.
Notification to the City Council and Specifications in the Purchase and Sale Contract
Crucial advice is highlighted to avoid future inconveniences, such as the importance of notifying the city council of the change of ownership and clearly specifying in the purchase and sale contract who will assume responsibility for paying the IBI .
If you need help selling a home or buying a home , do not hesitate to contact ART Inmobiliaria , we will be happy to help you.
