Commentary on the municipal capital gains tax following the Constitutional Court Ruling of May 11, 2017.
On May 11, 2017, the Plenary of the Constitutional Court unanimously agreed to declare the unconstitutionality and nullity of articles 107.1, 107.2 a) and 110.4 of the revised text of the Law Regulating Local Treasuries, but “only to the extent that they have not provided for the exclusion from taxation of situations that do not express economic capacity due to the non-existence of increases in value”.
