Situation
The non-resident owner of a Valencia apartment filed Modelo 210 for 4 years on the full cadastral value without applying the 1.1% or 2% reduction coefficient (Art. 24 LIRNR). The 1.1% applies to properties with a cadastral value revised after 1994; 2% to unrevised ones. Overpayment: €6,200. The statute of limitations on one quarter was nearly expired.
Solution
Our lawyers urgently prepared and filed amended Modelo 210 returns for all 4 years with the correct calculation and a cadastral extract. A simultaneous undue income refund claim was filed with the AEAT.
Result
AEAT refunded €5,840 (one quarter had prescribed). Client received a clear Modelo 210 guide — saving ~€1,600/year.
