{"id":91763,"date":"2022-10-17T10:52:49","date_gmt":"2022-10-17T08:52:49","guid":{"rendered":"http:\/\/euro-funding.com\/?p=91763"},"modified":"2026-04-07T09:18:44","modified_gmt":"2026-04-07T07:18:44","slug":"reference-value-how-to-optimize-it","status":"publish","type":"post","link":"https:\/\/euro-funding.wp2.rwdesarrollos2.es\/en\/blog\/reference-value-how-to-optimize-it\/","title":{"rendered":"Reference value: What it is and how to optimize it"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"91763\" class=\"elementor elementor-91763\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d7aabb7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d7aabb7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-128b5ac9\" data-id=\"128b5ac9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-578b2f04 elementor-widget elementor-widget-spacer\" data-id=\"578b2f04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-44dcd9bc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"44dcd9bc\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1589b197\" data-id=\"1589b197\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25c40bbf elementor-widget elementor-widget-heading\" data-id=\"25c40bbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Reference value: \nWhat it is <br>and how to optimize it<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68fe6071 elementor-widget elementor-widget-spacer\" data-id=\"68fe6071\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d190865 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d190865\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-130375b\" data-id=\"130375b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a4b0079 elementor-widget elementor-widget-image\" data-id=\"1a4b0079\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"850\" height=\"324\" src=\"https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Valor-referencia-post-Rocio.jpg\" class=\"attachment-large size-large wp-image-91739\" alt=\"Reference value\" srcset=\"https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Valor-referencia-post-Rocio.jpg 850w, https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Valor-referencia-post-Rocio-300x114.jpg 300w, https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Valor-referencia-post-Rocio-768x293.jpg 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-328df7db elementor-share-buttons--view-icon elementor-share-buttons--skin-framed elementor-share-buttons--color-custom elementor-share-buttons--shape-square elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"328df7db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\" role=\"button\" tabindex=\"0\" aria-label=\"Share on facebook\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-facebook\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_twitter\" role=\"button\" tabindex=\"0\" aria-label=\"Share on twitter\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4f6f52b1\" data-id=\"4f6f52b1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13f9ed07 elementor-widget elementor-widget-spacer\" data-id=\"13f9ed07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1076eae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1076eae\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-523ff37a\" data-id=\"523ff37a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65169f0f separador-4-izq elementor-widget elementor-widget-heading\" data-id=\"65169f0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Definition of the reference value<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-163fdccd elementor-widget elementor-widget-text-editor\" data-id=\"163fdccd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>On January 1, 2022, the Treasury, through the General Directorate of Cadastre, determined a new value, apart from the cadastral value, called &#8220;reference value of the cadastre&#8221; and the parameters by which the new values of 2023 will be assessed have already been published.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-37df222 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37df222\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9216c5d\" data-id=\"9216c5d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea3ccc4 elementor-widget elementor-widget-image\" data-id=\"ea3ccc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"156\" src=\"https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Reference-value-1024x156.jpg\" class=\"attachment-large size-large wp-image-91765\" alt=\"Reference value\" srcset=\"https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Reference-value-1024x156.jpg 1024w, https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Reference-value-300x46.jpg 300w, https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Reference-value-768x117.jpg 768w, https:\/\/euro-funding.wp2.rwdesarrollos2.es\/wp-content\/uploads\/2022\/10\/Reference-value.jpg 1205w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23a473d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23a473d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da9f8ee\" data-id=\"da9f8ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49c2ef6 separador-4-izq elementor-widget elementor-widget-heading\" data-id=\"49c2ef6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What does this new term refer to?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cb2a03 elementor-widget elementor-widget-text-editor\" data-id=\"8cb2a03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>After the approval of Law 11\/2021 of July 9, 21, on measures for the prevention and fight against Tax Fraud, this new concept of reference value was defined, an objectively determined value for each real estate property based on the data contained in the Cadastre that corresponds to the most probable <strong>price for which a property could be sold between independent parties and free of encumbrances<\/strong>. Therefore, this concept is established as the <strong>minimum taxable base for the Transfer Tax and Stamp Duty<\/strong> (ITP and AJD) as well as Inheritance and Gift Tax (ISD).<\/p><p>It should be noted that this new Law modifies the current Cadastre Law, adapting its regulation and adding that said reference value will be limited to the market value, which may not be exceeded. For this purpose, a <strong>reduction factor<\/strong> will be applied in its determination.<\/p><p>On the other hand, it is important to point out that in the case of the Wealth Tax <strong>this reference value will affect the properties acquired as from 2022<\/strong> but, in no case, the pre-existing wealth. Likewise, it must be taken into account that <strong>this new value does not modify neither the Real Estate Tax (IBI) nor the tax on the increase in the value of urban land<\/strong> (IIVTNU or plusval\u00eda).<\/p><p>The Cadastre, with its questionnaires of &#8220;frequently asked questions&#8221; and <strong>the General Directorate of Taxes, through various binding consultations, have been trying to shed some light in this first year of start-up<\/strong>. However, from our point of view as cadastral experts, we observe a great lack of knowledge on the part of the affected sectors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0a235aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0a235aa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f58e508\" data-id=\"f58e508\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7024231 separador-4-izq elementor-widget elementor-widget-heading\" data-id=\"7024231\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Is it possible to optimize this reference value?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41f23f8 elementor-widget elementor-widget-text-editor\" data-id=\"41f23f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For the calculation of the reference value, <strong>all the descriptive data of each urban property to be considered will be those contained in the Real Estate Cadastre<\/strong>, which will enjoy the presumption of certainty established in the regulations. This calculation will be made <strong>according to the construction and location characteristics<\/strong> at the close of each fiscal year, so that any<strong> slightest error<\/strong> on the part of the administration between the physical reality and the imputation of the construction characteristics or in the assignment of the homogeneous territorial scope of valuation according to the uses that correspond to the activities defined by the Cadastre, will mean that <strong>the reference value is not the one that corresponds to the real estate reality of your property<\/strong> and can lead to <strong>considerable increases in the liquidation of taxes<\/strong>.<\/p><p>Therefore, it <strong>becomes especially relevant and essentia<\/strong>l to count on<strong> the help of expert<\/strong>s such as Euro-Funding that, through technical advice, allow the <strong>optimization of this and other resources<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e9cc481 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e9cc481\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4fd7097\" data-id=\"4fd7097\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1042cd79 elementor-widget elementor-widget-spacer\" data-id=\"1042cd79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dacb51e separador-4bl elementor-widget elementor-widget-heading\" data-id=\"dacb51e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Consult the viability of your projects<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aac475 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"5aac475\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/euro-funding.rwdesarrollos2.es\/en\/contact\/\">\n\t\t\t\t\t\t<span 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