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Practical Heritage Manual 2019.

General valuation rule

Real estate of an urban or rural nature will be computed taking as reference the highest value of the following three:

  1. The cadastral value recorded in the receipt corresponding to 2019 of the Real Estate Tax.
  2. The value verified by the Administration for the purposes of other taxes , such as, for example, the Tax on Asset Transfers and Documented Legal Acts or the Inheritance and Donation Tax.
  3. The price, consideration or acquisition value . In relation to these terms, it must be specified that the price refers to purchase and sale operations, the consideration to exchanges and the acquisition value to cases of inheritance or donations.