Jan 12

03

The new Spanish government has extended the 4% IVA (VAT) for brand new properties until the end of 2012. This way, brand new property buyers will keep on benefiting from a 4% reduction on their IVA (VAT). This reduction is only applicable to brand new properties from developers, not for resale properties, where transfer tax applies.

Courtesy of Martínez-Echevarría Pérez y Ferrero Abogados

Categories: Property News,Spanish News,Spanish Property Law,World News
Tags: , ,
Posted on Tuesday 3rd January 2012 at 9:29 am