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Today the news broke. But the truth is that it is not a new law. The Minister of Finance, Cristóbal Montoro, has explained that all purchases made through platforms such as eBay, Wallapop or Vibbo will have to be declared. And those responsible must pay taxes of 4%.
The head of the Treasury indicates that this is nothing more than an interpretation of the law that is already in force and that contemplates this type of situation.This is the Property Transfer Tax (ITP) that until now we have paid every time we made a large sale between individuals. Such as a house or a car.
Well, today it has been confirmed, because Montoro has indicated so, that all transactions, no matter how small, will have to be declared. This means that, in anticipation, you may have to recalculate the price of the products you sell And logically, take this into account every time you make the declaration of the rent.
What will you have to pay the Treasury to sell on Wallapop?
It doesn't matter what you want to sell. All the goods that you sell, no matter how little value they have, will have to be declared to the Tax Agency. And you will need to pay the Patrimonial Transfer Tax, within the modality of Onerous Patrimonial Transfers
It is the same tax that was applied before when something was sold off the Internet. Now, even if the process is carried out virtually and through platforms such as Wallapop, eBay or Vibbo, it will be necessary to apply this same tax. And this is 4%, no matter where you look at it
What if you don't?
Well things get complicated. Because although platforms like Wallapop, eBay or Vibbo make things much easier, the fact that everything is registered is very good for the Treasury. In fact, the agency periodically requests the record of the transactions carried out. So it is relatively easy for them – although heavy – to cross data and see who has sold what. And for what approximate value it has done so.
Something similar occurs with operations through collaborative economy sites such as AirbnbThe Tax Agency has direct access to the announcements and has the machines that allow it to cross-reference data. This is useful for them to calculate what taxpayers should have paid into public coffers.
Model 600
To pay this 4% obligation on all those sales we have made, sellers will have to submit Form 600. Patrimonial Transfer Tax (ITP)is directly managed by the autonomous communities. Thus, although you can download it here and see all the information about it, it is convenient that you make the mandatory inquiries in the tax agencies of your community.
You will have to fill in a total of three sheets, which contain data such as the following: the data of the asset, the operation or act, the self-assessment or the tax base.This last section includes the tax rate to be applied, which in this case would be 4%
You must bear in mind, on the other hand, that if the sale in question generates some type of profit above the original price, you will have to pay personal income tax. This can occur in the event that we are selling an old object, which has acquired value.
What we recommend, in addition to presenting the models and making the corresponding payments, is to keep all the documents that prove the ownership of your assets. And that in addition, you keep all the evidence of the transaction like gold in cloth. Take screenshots of the transaction whenever you can and save all communications made with the buyer. It is the only way to avoid problems.
