Real Estate Tax (IBI)
Introduction
The real estate tax (IBI) is a tax framed in the local tax system of Spain, of exaction "mandatory by the town councils, which taxes the value of the ownership property") and other real rights that fall on real estate located in the municipality that collects the tax. Its management is shared between the State Administration and the City Councils. It came into force on January 1, 1990, under the presidency of Felipe González.
Its real nature is deduced from the lien it makes on the ownership of the real estate or on the rights that rest on the real estate, regardless of which subject "Subject (Right)") occupies its ownership. It also has an objective nature, derived from a quantification of the tax burden that takes into account exclusively the value of the object, and not the circumstances of the taxpayers.
The taxable event is constituted by the ownership of real estate property of a "rustic" and urban nature") located in the respective municipal area, or by the ownership of a real right of usufruct or surface"), or that of an administrative concession on said property or on the public services to which they are affected, and is taxed on the value of the aforementioned properties.
Basic regulation
The basic regulation on this tax is included in the consolidated text of the Law regulating Local Treasurys (Royal Legislative Decree 2/2004, of March 5)[1] and the consolidated text of the Real Estate Cadastre Law (Royal Legislative Decree 1/2004, of March 5),[2] as well as its implementing regulations (Royal Decree 417/2006, of April 7).[3].
Taxable event
Contenido
El hecho imponible está constituido por la titularidad sobre los bienes inmuebles urbanos, rústicos y de características especiales, de alguno de los siguientes derechos:.
El artículo 61 del Texto refundido de la ley reguladora de haciendas locales establece, además, ese orden de prelación para los casos en los que haya concurrencia de derechos reales.