One of the measures considered in the draft of the fiscal reform affecting the purchase of property in Spain is eliminating the application of the adjustment coefficients that correct currency depreciation by updating the acquisition value on the sale of property, shares or any other type of assets.Additionally, the application of reduction coefficients to assets bought before the 31st of December 1994 is also eliminated.Thus, from the 1st of January 2015, the acquisition value on the sale of property in Spain will no longer be corrected or adjusted and tax will be charged on 100% of the profit.The entry into force of the fiscal reform will take place between 2015 and 2016, even though some of the changes will take effect in 2014.Is it worth selling before the fiscal reform in Spain?Although one would have to calculate, everything seems to indicate that it will be more beneficial to sell before the fiscal reform enters into force, since the acquisition value of the property will keep updating in 2014 with coefficients directly proportionate to their antiquity.Concerning assets distinct from property, such as shares, trust funds and other assets, it would make sense to sell in 2015 or in 2016, given the deferment of the payments and the declining interest rates — except if the acquisition of these goods or rights took place before the 31st of December 2014.One must remember that the measures of the fiscal reform are provisional and may be modified before publishing in the Official Spanish State Bulletin (Boletín Oficial del Estado).For additional information regarding the purchase of properties in Spain,
