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INCREASE OF VAT AND TRANSFER TAX

The 1st of January 2013 have entered in force the following increases of taxes in sales of properties:

– For new properties: VAT is now 10 %, for the whole Spanish territory

– For resales: Transfer tax has been increased to 8 %.  This is only for Valencia Region and other Regions. Murcia, by the moment, keeps the 7%.

Thus, sales completed from now on, will be taxed with the above percentages.

For more information, be kindly invited to consult us.

TLACORP

 

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