The whole Spanish territory. Local Governments may choose not to set the tax.

The transferor in case of transfers for valuable consideration and the acquirer in case of transfers for profit.

The increase in value of land during the period whose ownership is transferred by whatever method, or property right created or transferred which restrict the ownership rights.

Basis of assessment:

The increase in the value of land.

Land owned by central or regional governments or by municipalities; charitable or educational institutions; the social security system; the Red Cross; holders of land granted by government concessions; delivery of individual taxpayer's main dwelling in case of mortgage foreclosure (in lieu of payment)

The maximum tax rate that may be applied on the Tax on the increase of value or urban land may reach 30%, eventhough local governments may also apply optional allowances, which in case of a property transfer "mortis causa" may reach up to 95% of the tax liability (practically an exemption).

When the transmission is carried out or the property right is created.

Local Governments