If the taxpayer has sold a home in 2020, then he has to include the operation in
the income statement
, since it is subject to income tax for the capital gain that is obtained.
Capital losses are not taxed but must also be declared and it is possible to offset with other capital gains, such as funds or shares, thus reducing the tax bill.
The 2021 campaign starts on April 7 and ends on June 30.
It is advisable to be clear about the taxation of the home and the steps to take to avoid problems with the treasury.
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Enter the data
It is necessary to enter all the data of the operation and the profit or loss derived from the transfer of the property.
In general, the gain is determined by the difference between the transmission and acquisition values.
That is, the difference between the price at which it is sold and the price at which it was bought.
The
transfer value
is the real amount for which the sale was made, taking into account the sale price of the house and subtracting the expenses and taxes associated with the transfer, such as the municipal capital gain.
In the event that the taxpayer has signed a mortgage to buy a new house, then the total amount obtained in the transmission will be considered the value of the sale minus the principal of the loan pending amortization.
The
acquisition value
is made up of the actual amount for which the property being transferred was acquired, to which the amount of expenses and taxes inherent to the purchase such as VAT or the Property Transfer Tax (ITP) can be added. excluding interest, and the cost of investments and improvements made to the home.
You have to subtract the amortizations if, for example, the property was rented during the time it has been the owner, then you have to reduce the total income received from the rent.
It must be taken into account that only transferred properties that were acquired before December 31, 1994 can apply the transitional abatement regime to earnings.
News in taxation
The money from the sale of a house is part of the capital gains and losses and, as such, is taxed in personal income tax at a progressive rate.
The approval of the new General State Budgets for 2021 brings some news in the payment of personal income tax for the highest incomes.
Specifically, the tax base of savings, which is where the capital gain obtained from the sale of a house is included, adds a
new tranche of 26%
for those gains above 200,000 euros.
The rest of the existing sections are configured in the same way: profits are taxed at the fixed rate of 19% up to 6,000 euros, 21% from 6,000 euros to 50,000 euros, and 23% between 50,000 euros and 200,000 euros, at 23% .
In addition, those of more than 200,000 euros are taxed from now on at 26%.
It must be taken into account that the tax is progressive, so this change will affect only high-priced homes that obtain a substantial capital gain with the operation, they explain from HelpMyCash.com.
Municipal capital gain
On the other hand, you have to take into account the capital gains on the sale of the apartment.
This tax is levied on the increase in value that the house has experienced over time.
To calculate it, the cadastral value of the property's land is taken as a basis (it can be obtained in the last IBI receipt) and the number of years that the apartment has been owned.
That is, the prices at which we have bought or sold the home are not considered to know how much it will pay us for municipal capital gains, they assure from HelpMyCash.com.