The municipal surplus value or as some know it … IIVTNU (Tax of the Increase in the Value of the Land of Urban Nature), is the tax that every municipality applies to the transmission of urban property that takes place in its municipality (either by purchase or inheritance) and regardless of the existence of an increase in value, benefit or wealth enrichment. As a property stays more years in the hands of a person, the greater the surplus value to be paid (should be). This tax has nothing to do with the inheritance tax, property transfer tax or declaration of annual income based on theRead More →