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Reduction of VAT to boost Spanish property market

The Spanish government has approved a decree affecting the VAT on new spanish homes for sale for transactions completed in the last 4 months of 2011.

Properties in Spain purchased from developers will benefit from reduced VAT of 4%. This measure has been taken by the government to revive the construction industry, affected by lower sales of new homes.  This reduction applies only to first housing transmission, houses in second and subsequent transmissions are left out of this controversial decree. It is recommended that the buyer in case of doubt, write a letter to the Tax office to get a confirmation that the house the one wants to purchase has not been previously transmitted.

A 4% reduction in acquisition tax is remarkable. Seize the moment to make that investment you are planning!

Here are some properties from developers that we offer for sale:

 
35 EXCLUSIVE BEACH APARTMENTS MARINA SOTOGRANDE

35 EXCLUSIVE BEACH APARTMENTS MARINA SOTOGRANDE

iNVESTMENT OPPORTUNITY OF 35 UNITS These light-flooded and elegant apartments are situated in the Marina of Sotogrande. The equipment consists in a fu...

€ 11.000.000

 

Published in Costa del Sol Property News, Spain Info |