Taxes are one of the most representative expenses of the sale of a home. One of them is the , since this operation is subject to taxation for the capital gain obtained from the sale. And it is not the only one, since when selling the house, municipal taxes must also be paid, such as the municipal capital gains and the property tax (IBI). But when are the collection periods? The financial comparator HelpMyCash.com has prepared a 2021 that explains when taxes are paid for selling a home.
1. IRPF: dates and deadlines to declare capital gains
The tax return is coming up. The campaign for this 2021 begins, as usual, in the month of April. Specifically, it starts on Wednesday, April 7 and ends on Wednesday, June 30.
However, the dates to take into account vary depending on the way you want to make the declaration, since the rent can be done online, in person or by phone. In these last two cases, it is the Treasury itself that is in charge of preparing the rent for us with the data that we provide, but for this it is essential to make an appointment.
On-line
How it is performed? We have to enter the web portal of the Tax Agency or the mobile app that the agency has made available to taxpayers. We must have an electronic DNI, electronic certificate, Cl@ve PIN or reference number. The latter is an identification system that allows us to process the income and we can obtain it on the Tax Agency portal by entering a series of personal data.
When it’s made? We will not need to make an appointment and we have the full term of the campaign to present the declaration (from April 7 to June 30).
Face-to-face
How it is performed? We must make an appointment from May 27 and until June 29. We can request this by phone (901 22 33 44 or 915 530 071), on the Tax Agency website or through its mobile app.
When it’s made? We will be served, on the date indicated by the Tax Agency, from June 2 and until the 30th of that same month.
Telephone
How it is performed? We must make an appointment from May 4 and until June 29. We can request this by phone (901 12 12 24 or 915 35 73 26), on the Tax Agency website or through its mobile app. We must have all the necessary documentation and data at hand for when they call us from the Treasury. For example, you must have the deeds of the house, the receipts of the expenses of the purchase and sale operations or the cost of the improvements that we have made in the house, among others. This with the aim of calculating if we get a capital gain to pay in personal income tax for the sale of the house.
When it’s made? We will be attended by the Treasury on the indicated date, from May 6 to June 30.
Novelty: new section in personal income tax to declare capital gains
The approval of the new General State Budgets for 2021 brings some novelties 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 section of 26% for those gains greater than 200,000 euros.
The rest of the existing sections are configured in the same way: earnings of up to 6,000 euros are taxed at 19%, those located between 6,000 euros and 50,000 euros at 21%, those between 50,000 euros and 200,000 euros at 23% and those of more than 200,000 euros at 26%. It must be taken into account that the tax is progressive, so this change will only affect high-priced homes that obtain a large capital gain from the operation.
2. Municipal capital gain: what term do we have to pay it?
This tax is levied on the increase in value that the house has experienced over time. Therefore, to calculate it, the cadastral value of the land of the property is taken as a base (we can get it in the last receipt of the IBI) and the number of years that we have owned the apartment. That is to say, the prices at which we have bought or sold the house are not considered to know how much we have to pay out of , they assure from HelpMyCash.com.
But when is it paid? It must be paid within 30 business days after the sale. The payment must be made by self-assessment (online) or in person at the collection office in our town.
3. Real estate tax (IBI): who pays it and when
It is a municipal tax that is not strictly related to the sale. We pay it every year for being the owners of the house, but when it is sold the question arises: who pays it: buyer or seller?
In reality, the payment will be turned over to us, since we are the ones who appear as owners of the home on January 1, but the law prioritizes the freedom of agreement between the parties and allows this expense to be shared between buyer and seller. , according to the time each one has had the flat.
And when is it paid? Each locality has its own fiscal calendars, so the dates to pay vary according to the place. For example, in Madrid the voluntary payment period (if you do not have a direct debit) runs from October 1 to November 30. In Barcelona, it is from March 1 to May 3 and in Valencia from March 1 to July 12.
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