In a ruling dated January 12 last, the High Court of Justice of the Autonomous Community of Valencia confirmed that it is the allocating factors contained in the Economic Agreement that enable any conflicts of competence to be resolved, while the rules for territorial competence laid down in the regulations on property transfer tax and stamp duty are applicable only in the common territory, and then only when competence has been attributed to that territory in application, as the case may be, of the said allocating factors.
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Property transfer tax. Allocating factors prevail over territorial distribution rules envisaged in common regulations
Thursday, 16 de February de 2012