Valuation of rustic goods in Castilla-La Mancha

This minimum reference value is merely informative for the purposes of Inheritance and Donation Taxes and on Patrimonial Transmissions and Documented Legal Acts. In any case, the values obtained from the texts in force published in the Official Gazettes will prevail. This value shall not apply in the following cases: — To rural land for which the instruments of spatial planning and urban planning provide for or allow its passage to the situation of urbanised land, referred to in Article 21.2.b. of the consolidated text of the Law on Land and Urban Rehabilitation approved by Royal Legislative Decree 7/2015 of 30 October. — Where the value determined by that means is lower than the value declared by the person concerned or the price or consideration agreed in the legal act or transaction giving rise to the taxable event. In such a case, the largest of these amounts will be taken as the taxable amount, in accordance with the provisions of Article 46.3 of the Consolidated Text of the Law on Tax on Patrimonial Transmissions and Documented Legal Acts, approved by Royal Legislative Decree 1/1993 of 24 September 1993 and Article 18.2 of Law 29/1987 of 18 December 1987 on Inheritance and Donation Tax. — Where the declared area of a good exceeds 30 hectares in the case of rain-fed crops and land covered with: low mountain, scrub, woodland, oak, meadows, erials, pastures and unproductive; and 15 hectares in the case of irrigated crops. — When the value declared or determined by its average market price of a good exceeds EUR 250.000. — Where the property or type of crop is not included in Annexes II and I, respectively, to the Order of 23/12/2016, of the Ministry of Finance and Public Administration, approving the average market prices for rustic goods and laying down rules on the procedure for verifying securities in the field of Inheritance and Donation Taxes and on Patrimonial Transmissions and Documented Legal Acts, for the year 2017 (DOCM No. 252 of 30 December). — In the case of land which fulfils the conditions referred to in Article 9(4) and (5) of the Order cited in the preceding paragraph. — In the case of transfers of properties waiving exemption from value added tax. — When the transferor or the acquirer is a public administration, an autonomous body or any of the entities that are part of the public sector.