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4 % VAT reduction for new Spanish properties extended for all the year 2012

One of the first measurements taken by the new Government in Spain has been to respect, and to extend the reduction of the 4 % VAT for the whole year 2012.

It means that, purchases of new properties, off plan, bought directly from the builder, will continue to be taxed at 4 % VAT.

Excellent news for buyers of new properties in Spain.

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