Segarra & Associates Lawyers

The possibility to rent out your property in Valencia Region has become very difficult once the new Law for Tourism, Leisure and Hospitality has been passed last 7th July, 2018. According to the new regulation, any property (apartment, semidetached houses, etc.) could not be aimed to be short term rented out unless a proper certificate of urban compatibility has been issued.

On 16 February 2017, the Spanish Constitutional Court has issued a decision declaring that the Local Tax on The Increase of the Value of Urban Land, commonly known as "Plusvalía Tax" can not be considered as due when capital gains on conveyed urban property are absent.