If you are planning to sell your vehicle this December, you must consider that the fiscal value you must use is the new value that appears in the Self-Administration System of the Ministry of Finance. This year a great number of vehicles had an increase in their fiscal value, therefore, as of December 1st, the cost of the stamps and transferring taxes of the vehicles will be higher than the deeds granted in previous months.

The quotation made by a public notary of your choice, regarding the costs of the transferring of the vehicle, must be based on the value designated. Another item to take into consideration is that the “Marchamo” for 2023, is being charged since November 1st of this year, so a requirement of admissibility of the transfer is the payment of it.

It is important to note that the values that appear in the National Registry system may be outdated, so it is important to verify that the amount indicated is the same as the one that appears in the Ministry of Finance.

If you require legal advice on this matter, at ERP Lawyers we have a team of experts who can guide and assist you. We invite you to contact us by e-mail at info@erplawyers.com